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Trade   Economic justifiability of exports

Peru purchases Iranian petrochemicals

Iran PeruAn Iranian official said South American buyers of Iranian petrochemicals were in charge of carrying purchased items.

Commercial Manager of Karoon Petrochemical Company Kazem Bastakian notified reporters on pilot production of methylene diphenyl diisocyanate, most often abbreviated as MDI, in his company saying “for the first time ever, Iran has joined the group of countries who produce the strategic petrochemical product.”

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The official said following easing and later removal of international sanctions, Karoon petchem products, TDI (toluene diisocyanate) in particular, have been exported to various global markets including European, Asian and even South American ones; “accordingly, along with Albania, Greece, Russia, Italy and Sweden, petrochemicals of Karoon Company have been shipped to South American states like Peru and Uruguay.”

Several cargos of petrochemical products have been sent to Peru since the beginning of the current Iranian calendar year, he continued.

On economic justifiability of exports to South America given the huge distance, Bastakian stated that presently customers undertake transference of the purchased petrochemicals.

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