Speaking to NIPNA, Ale-Eshaq said Iran is currently enjoying a very small share in the Iraqi market of petrochemical products which has been occupied by other regional rivals.
He said downstream industries must gain better access to regional markets by better marketing and devising timely strategies to win more market share in the country.
Iraq is currently importing $14b of petrochemical goods and services annually which is expected to cross $20b in the near future, he added.
The official also predicted that by integrated and efficient planning, Iranian suppliers will be able to overcome their rivals in the Iraqi market.