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Iran to export petrochemicals to Sweden and Albania

by ChemOrbis Editorial Team -
  • 22/09/2016 (15:29)
According to media reports, Iran will start to export petrochemical products to the countries of Albania and Sweden in the post-Joint Comprehensive Plan of Action (JCPOA) period. According to Iranian officials, these two countries have become the newest customers for Iranian petrochemical products.

With the removal of international economic sanctions against Iran in January, European countries began to purchase Iranian materials again. Previously, China accounted for half of Iran’s petrochemical export market share until the end of the last Iranian year.

In a statement made by officials, Iran has had difficulty exporting petrochemicals to Europe because of lack of cooperation with European banks and has had to use intermediary companies. Nevertheless, the number of countries becoming new customers has grown with the removal of sanctions.

Commercial Manager of Karoon Petrochemical Company Kazen Bastakian was stated as saying, “We now export to 18 countries including Greece, Albania, Russia and Sweden.” He added that more companies are placing orders since the end of the sanctions.
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