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News ID: 43219
Publish Date : 21 August 2017 - 20:52

Europe Becomes Iran's Petrochemicals Customer



TEHRAN (Dispatches) – Iran says European countries, including Spain, Turkey, Romania and Belgium have become he customer of Iran petrochemical products in post-sanction era.
After the implementation of Iran nuclear deal also known as Joint Comprehensive Plan of Action (JCPOA) Production and export of petrochemical products have chalked up  25% growth.

The total volume of petrochemical exports reached 7, 18,000 tons in weight and $3.4 billion in value since during four months comparing to 6,847,000 tons in weight and 3.2 billion dollar in value last year.

Moreover, the managing director of Mahabad Petrochemical Plant has said his company will start exporting polyethylene products to Belgium before the end of the current Iranian calendar year which began on March 21.
Mohsen Majidi said MPP has exported over 90,000 tons of petrochemicals since March 21, adding the exports have fetched the company over 85 million dollars in revenues so far.
The facility can supply 300,000 tons of linear light and high density polyethylene as well as 30,000 ton of butane-1.
India, Turkey, China and Belgium are the most important customers of Iran petrochemical products, according to the Managing Director of Mahabad Petrochemical Company Mohsen Majidi.