Published on June 17, 2017

Iran’s domestic petrochemical producers are looking at Russia as an emerging and reliable market for petrochemical exports.

Russia needs to import petrochemicals in large volumes, Iranian petrochemical producers should expand their foothold in the  country under a consolidated scheme.

For Iran an effective strategy to raise exports is participating in Russia’s petrochemical exhibitions and expanding negotiations with their state and private importers.

As per report, an increasing number of global customers are ordering larger volumes of Iranian  petrochemicals. In addition to Iran’s traditional petrochemical customers, such as China and India, other  countries have placed higher orders for a wide range of petrochemicals. Now some domestic petrochemical producers are shifting their focus to Russia

Iran produced 50.61 million tons of petrochemicals in fiscal year 2016-17 that ended in March, of which 20.3 million tons, worth $9.5 billion, were exported, as per source.