Iran’s petrochemical exports to Europe to reach US$2 bln by end of current Iranian year

01-Feb-11

Iran’s petrochemical exports to Europe will reach US$2 bln by the end of the current Iranian year. Currently Iran exports various petrochemical products to 65 countries, including 17 European nations, Mehr news agency reported. 37% of the exported goods go to the Far East, particularly China, 25% to the Middle Eastern customers, 11% to Europe, 18% to the Indian subcontinent, 7% to Southeast Asia and Oceania, and 1.2% to African countries. India and China are currently the major buyers of Iran’s petrochemicals. South African countries are among the new target markets of the country, said the official, adding that Iran exports some of its petrochemical products to Tunisia, Morocco, Egypt, and South Africa. Iran’s petrochemical exports include polyethylene, methanol, benzene, ammonia, ethane, sulfur, PVC and propylene. Iran exported US$1 bln worth of various petrochemicals to European countries in the last Iranian calendar year (ended March 20).