Iran announces a significant increase in petchem, oil product exports

In the calendar year that began in late March 2022, Iran recorded significant gains in exports of some petrochemicals and oil products.

Iran (IMNA) - According to Hamdi Hosseini, a prominent member of Iran's Oil, Gas, and Petrochemical Products Exporters Union (OPEX), oil shipments from Iran topped $13 billion between March 2022 and January this year.

Hosseini stated that Iran made $4.9 billion from 6.6 million metric tons (mt) of liquefied petroleum gas (LPG) exports in the nine months to late December, a 120% increase over the same time last year.

In the nine months to late December, he claimed, Iran's methanol exports totaled $1.8 billion for 6.8 million mt of consignments.

Iran announces a significant increase in petchem, oil product exports

The businessman also stated that Iran sold 1.6 million mt of urea worth $975 million in the nine calendar months leading up to the end of 2022, and that polymer exports climbed by 77% over the same time.

The numbers come as Iran continues its efforts to enhance its exports of petroleum products and petrochemicals as a means of avoiding Western sanctions that would otherwise damage its direct crude oil shipments.

According to experts, the approach has increased Iran's non-oil exports and resulted in the creation of tens of thousands of new employment opportunities in the country.

News ID 641537

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