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Iran set to increase its annual petrochemical export to Europe

Iran is outlining special plan for its annual oil exports to Europe. The country is planning to develop an annual plan of 5 billion dollar annual export.  The increase in export of petroleum products and polymer products to European nation depends solely on the abolition of international sanctions.

Earlier around2billion dollar of petrochemical was exported to European nations before imposition of international sanctions. In current scenario Iran’s petrochemical and polymer products are highest exported to the African countries, East and south East Asia,Central Asia , turkey and South America.