Iran Takes 1st Step to Integrate Petchem Trade

Iran Takes 1st Step to Integrate Petchem Trade
(Monday, October 16, 2017) 17:51

TEHRAN (NIPNA) – By encouraging formation of trade unions and consortia, Iran has taken the first step in integration of its petrochemical trade with foreign customers, an official said.

Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the unions are aimed at integrating the trade operations of petrochemical producers and exporters in Iran.

She said the process will time-consuming given the fact that most of the country's petrochemical companies are private-run and pursue various business goals in their operations.

Shahdaei, who is also deputy petroleum minister for petrochemical affairs, further noted that a methanol export consortium has also been formed in the country in this regard.

Iran has the capacity of supplying 5.5 million tons of methanol annually. 

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