Iran exports over $3.6 billion petrochemical products in 5 months

Iran exported over 3.6 billion dollar’s worth of different kinds of petrochemical products during the first five months of the current Iranian calendar year, IRNA news agency reported.

The country sold more than 8.724 million tons of a variety of petrochemicals to the international markets during the same period.

The growth in the petrochemical products comes following the implementation of last year’s nuclear agreement which is also known as the Joint Comprehensive Plan of Action (JCPOA) and easing of sanctions as well as banking restrictions.

In July, the National Iranian Petrochemical Company (NIPC) resumed export of its products to Britain.

A consignment of Iran’s petrochemical and polymer products was shipped to the UK.

Other countries such as Bulgaria, Romania, Greece, Italy and France have also shown interest to purchase Iran’s petrochemical products.

Before the imposition of the western sanctions against Iran, the European countries had accounted for about 13 percent of the country’s export of petrochemical and polymeric products.