Home / All / Economy News / Iran’s exports of petrochemical products rises by 5%
Kavian Petrochemical

Iran’s exports of petrochemical products rises by 5%

Iran’s petrochemical exports during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) rose by 5 per cent over the figure in the same period in the previous year. New petrochemical plants added to the rise in exports, according to Seyyed Hamid Hosseini, spokesman of Iranian Oil, Gas and Petrochemical Products Exporters’ Union.

The novel coronavirus outbreak could significantly affect the export of petrochemical products as most of Iran’s exports are transited through neighbouring countries like Turkey and Iraq that have closed their borders with Iran, he was quoted as saying by Iranian media reports.

Iran currently produces nearly 70 million tonnes of petrochemical products annually. Turkey, Iraq, China, the United Arab Emirates, Afghanistan and India are among its major export destinations.

Advertisement

According to oil minister Bijan Namdar Zanganeh, Iran’s annual petrochemical output is expected to surpass 100 million tonnes by 2021 despite US sanctions.

 

Also Read: Turks invade Iran with their garments

———————————-

+ Middle East Textile Journal

Send us article and press release to: info@kohanjournal.com

Join 80.000 Middle East and North Africa Textile Professionals who get Kohan Textile Journal’s FREE Newsletter…

Registration

seam-SUSTAINABLE-MIC
Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *