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Iran exported first petrochemical shipment to Egypt

October 20/2010

(Arabian Oiland Gas) -- Iran has exported its first petrochemical shipment to Egypt as part of a new agreement with two countries in this field, according to Reza Hamzehlou, managing director of Iran Petrochemical Commercial Company.


The final stages of negotiations between Iran and Egypt were going on for exporting 5 main petrochemical products including polypropylene, urea fertiliser, methanol, polymer grades and parazyline, The Mehr News Agency reported.


In addition, talks have started in the ALBA region (Latin America) with countries such as Venezuela, Ecuador, Bolivia and Brazil for the exporting of Iranian petrochemical products to these countries.


Iranian petrochemical products represent 25.8% of the Middle Easts total export and 2.4% of the global output.

 

It also plans to produce 44 million tonnes of petrochemicals by the end of the current year.


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