Aug 14, 2017, 8:21 PM
News Code: 82631745
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Official: Ukraine export bridge for Iran's petrochemicals to Europe

Tehran, Aug 14, IRNA – Head of the National Petrochemical Company (NPC) Marziyeh Shahdaei said here on Monday that Iranian petrochemicals could be exported to Europe in framework of swap or Ukraine may prepare ground for direct export of Iranian petrochemicals to Europe.

She made the remarks in a meeting with Ukraine's Ambassador to Iran Sergey Burdilyak.

The Deputy Petroleum Minister said this meeting was held following signature of a memorandum of understanding (MoU) between Iran and Ukraine, which one of its contents was cooperation between the two countries in the field of energy and petrochemical industry.

Shahdaie said one of the issues discussed in the meeting was to introduce investment opportunities for Ukrainian investors in Iran.

Creation of Iran's petrochemicals export hub in Ukraine for Europe, exchanging know-how between the two countries in this concern and considering Ukraine refinery products as feed for petrochemical industry in order to establish petrochemical industry in Ukraine were among issues discussed in the meeting, she said.

Shahdaei said that Ukraine is poor in the field of oil and gas resources and it has only three refineries, which their feed comes from Russia.

She said that Ukraine is one markets for Iran's petrochemical companies, and added that petrochemicals export in the first six months of the 2017 had 70 percent growth in comparison with preceding year.

Sergey Burdilyak, for his part, requested the Iranian officials to dispatch an expert team to Ukraine to visit their petrochemical site and find appropriate mechanism for bilateral cooperation in this field.

He expressed readiness to announce names of participants from Ukraine private sector in downstream petrochemical industry to attend the 11th exhibition of 'Iran Plast' in October 2017 in Iran.

Iran exported 12.8 million tons of petrochemicals in the year 1392 (Iranian calendar) and in year 1395 (March 21, 2016 to March 21, 2017) it increases to 20.4 million tons.

Implementation of Joint Comprehensive Plan of Action (JCPOA) and elimination of sanctions cause a jump in Iran's petrochemicals export and opened new markets in Europe and South America for Iranian products.