An NPC official said 35 to 45 percent of Iranian petrochemical products are being deployed to South Asia, 20% to African countries and 20% to Europe.
Director of Production Control in Iran's National Petrochemical Company (NPC) Alimohammad Bosaghzadeh made the remarks highlighting that efforts are being made to diversify export destinations.
He pointed out that export markets are carefully examined in terms of type and volume in order to offer optimized prices adding “the nearer the export market, the lower the price of petrochemical products since transport costs are slashed. Target markets therefore need to be analyzed so that better price rates than those of competitors can be offered.
In the meantime, domestic competitors need to have consistency while deploying their products to international markets since supply of similar products could break down prices and consequently disturb the order in international markets, stressed the official.
Bosaghzadeh later underlined that nevertheless, the issue has largely been tackled thanks to coordination between domestic producers and holdings. In the same line, efforts have been made to form necessary coordination with giant manufacturers of petrochemical products.