Iran's Petrochem Exports to New Zealand

EghtesadOnline: Iran has started the export of petrochemicals to New Zealand, expanding the outreach of Iranian petrochemical shipments to the Oceania, managing director of TOPCO, a supplier of petrochemicals based in Kish Free Zone, said.

News ID: ۷۷۹۵۴۶

03 October 2017

"As part of efforts to diversify petrochemical exports, a petrochemical and polymer consignment is sent to New Zealand monthly," Majid Rezai was also quoted as saying by NIPNA on Wednesday.

Up to 90% of Iranian petrochemical exports used to go to China, according to the official, but that amount has decreased to 50-60% now, as Iran has ramped up petrochemical sales to Europe and Asia along with new markets such as the Oceania.

TOPCO is fully-owned by Jam Petrochemical Company. Iranian petrochemical production in the first five months of the current fiscal year (March 21-Aug. 22) reached 22.6 million tons, the National Petrochemical Company said in a report, which amounts to $4.6 billion in export revenues, according to Financial Tribune.