MOSCOW (MRC) -- Iran's petrochemical industries earned approximately USD9.19bln from exporting petrochemical products to the international markets in the first 10 months of the current Iranian calendar year (March 21, 2013-January 20, 2014), reported Ein News with reference to data from Iran Customs Administration.
The data showed that gas condensate made up USD8.52bln of Iran’s petrochemical exports.
In terms of non-oil exports, Iran exported USD5.905 bln of various products to China, USD4.79 bln to Iraq, USD2.923 bln to the United Arab Emirates, USD2.128bln to India and USD2.22bln to Afghanistan.
Iran’s non-oil exports, which weighed 75.51mln tons, were 15.33% higher than a year ago.
Iran earned USD12bln from exporting petrochemicals in the last Iranian calendar year which ended on March 20, 2013.
Nearly 60 countries, mainly from South and Southeast Asia, imported Iran’s petrochemical products in the previous Iranian calendar year.
The country has significantly expanded the range and volume of its petrochemical production over the past few years, and the National Petrochemical Company (NPC) has become the second largest producer and exporter of petrochemicals in the Middle-East after Saudi Arabia.
As MRC wrote previously, the European Union is set to temporarily ease restrictions on Iranian exports of petrochemical products, but a prohibition to sell technologies related to the sector into the Islamic Republic will remain in place. Sanction-relief measures will allow EU-based companies to buy, import, insure and transport petrochemicals from Iran - all prohibited since 2012.
MRC