The Iranian petrochemical companies are trying to find new markets for exporting their products and have held serious talks with a number of European, South African and Latin American firms.
The Iranian petrochemical companies which had exported a large amount of their products to China in the past few years, have now showed interest in the European, South African and Latin American markets after the removal of sanctions against Tehran following the 2015 nuclear deal with the world powers.
One of the most important and biggest ports of Europe used for unloading the petrochemical consignments is Belgium's port of Antwerp which has attracted the Iranian companies.
According to the National Iranian Petrochemical Company, the petrochemical products in the country will exceed 59ml tons this year and over 23ml tons will be sold in the global market.
In relevant remarks in April, Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei announced that over two dozen projects will become operational by the end of the current Iranian year (will end on March 21, 2018).
"A sun of 30 new petrochemical projects will come on stream by the end of this year," Shahdaei said, addressing the opening ceremony of four petrochemical projects.
She reiterated that Iran's petrochemical industry will turn into a front runner for attracting foreign investors.
Also in the same month, Shahdaei estimated that a total of 23 million tons of petrochemical will be exported during the year as well, fetching the country some $11b in revenues.
She further said 10 million tons of products will also be sold on the domestic market during the year with an estimated value of IRR 190,000b.