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Iranian products prove popular

Petrochemicals

The Petrochemical Commercial Company (PCC), a subsidiary of the National Petrochemical Company (NPC), reported exporting petrochemical products worth US$7.6 billion during the first ten months of the current Iranian year (started March 21 2010).

Published statistics by PCC show that liquefied gases (propane and butane) ranked first in terms of weight with 1.940 million tons, Shana reported.

Methanol and heavy cuts were the second and third main items in terms of weight with 1.6728 million tons and 1.644 million tons respectively. The company has exported 11.8 million tons of various petrochemicals to different countries from Far East to Europe.

Petrochemical Commercial Company (PCC), established in 1990, is one of the largest business corporations in the Middle-East involved in marketing and sales of petrochemical products in the international markets as well as supplying Iran's petrochemical downstream industries.

Earlier, Director of Planning and IT department in PCCI, Yusof Mosafer, said that Iran tends to boost its petrochemicals exports to Africa and Latin America in the next Iranian year (which starts March 21, 2011), IRIB reported. China will be the first priority of PCCI for exports in the next year, he said adding that "European countries, India and South-west Asia are among the next priorities."

During the first nine months of the current Iranian year (started March 21st), Iran has exported 10.32 tons of various petrochemicals products valued at US$6.45 billion. Currently, Iran is the first ethylene exporter to European Union, and it ranks second in terms of selling ethylene to China, Hamzehlou added.

The official put the value of Petrochemical Commercial Company exports at US$4.7 billion during the last year. While the figure has hit US$7.2 billion since March 2010, indicating a 52 per cent growth, he pointed out.

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