News ID: 232316
Published: 0317 GMT October 05, 2018

Iran's petrochemical exports up 24%

Iran's petrochemical exports up 24%

A report on the export of non-oil products in the first six months of the fiscal year (March 21-September 22) shows that petrochemicals exports grew by 24 percent in value compared to the figure for the same period last year.

Iran's Customs Administration released the final figures of half-yearly exports of non-oil goods, including petrochemicals, gas condensates and other commodities, reported Tasnim News Agency.

The data shows that revenues earned from the export of petrochemical products during the six-month period rose by 24 percent against the amount for the same time span in the previous year.

The value of exported products, excluding petrochemicals and gas condensates, increased by 20 percent in the six-month period.

In March 21-September 22, Iran exported more than $23 billion in non-oil goods — up 13 percent from the same duration the year before.

In August, CEO of National Petrochemical Company (NPC) Reza Norouzzadeh said Iran's petrochemical industry was 'unsanctionable' and that the exports would continue on schedule.

The US has imposed fresh sanctions on Iran after withdrawing from the 2015 Iran nuclear deal and is planning to push Iran's oil exports down to zero by November 4.

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