Iran Says has Reduced Petchem Prices for Turkish Buyers

Iran Says has Reduced Petchem Prices for Turkish Buyers
(Wednesday, November 8, 2017) 18:19

TEHRAN (NIPNA) – Iran has offered discounts to petrochemical customers from Turkish, an Iranian petrochemical official said, adding enhancing petrochemical exports to neighboring Turkey is also on agenda by Iran.

Iran has recently revised the price of petrochemicals exported to Turkey, and said talks are under way between the two countries for boosting exports provided that new agreements are reached in the future, said Reza Mohtashamipoor, head of the Petrochemical Downstream Industries Development Bureau.  

He said during a recent exhibition in Turkey, Turkish officials voiced their country's willingness to boost their petrochemical purchases from Iranian suppliers.

"Previously only 10 petrochemical items were earmarked for discounts but 5 more ones have been added to the list," the official added.

The items include PET, TDI, polypropylene and polystyrene.

Iran supplies nearly 65 million tons of petrochemicals annually of which nearly 20 million tons is exported.

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