Iran lifts ban on exports of petrochemicals

08-Nov-12

Iranian Oil Minister Rostam Qasemi has lifted a ban on the export of petrochemicals and issued an order detailing new regulations for petrochemical exports, as per ISNA. As per a report earlier this week, Iranian administration had banned the export of petrochemical products, including polymers, as a measure to "support national production". Europe and China are the main recipients of Iran's petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.