Iran Energy Exchange to Trade Petchems soon

TEHRAN (FNA) - Managing Director of Iran Energy Exchange (IEE) Ali Hosseini said ground has been paved for petrochemical companies to offer their products in the IEE.

Date: 21 September 2014 - 20:51

News ID: ۵۳۵۳

"The refineries and petrochemical plants will soon sell their new products in the IEE,” Hosseini said.
"In addition to gas condensate from South Pars (gas field), liquefied gas from Abadan Refinery will be also accepted under the aegis of National Iranian Oil Refining and Distribution Company,” he further added.
Hosseini said crude oil trading has stopped at the IEE, but fuel oil is to be accepted for transaction.
He said that the IEE is ready to handle new petroleum and petrochemical products.
Iran produced 40mln tons of petrochemicals in the last calendar year, with $9bln worth of its products being exported.
The country plans to increase its petrochemical exports to $12bln this year.