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Iran's Petrochem Exports to New Zealand

Petrochem Exports to  New ZealandPetrochem Exports to  New Zealand

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.

"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.

 

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