Iran chemical exports down

Mon, 20 Apr 1998 | Source: REUTERS

TEHRAN (Reuters): The value of Iran's petrochemical exports increased in the Iranian year that ended on March 20 but fell short of target because of Southeast Asia's economic crisis, a senior Iranian official said in remarks published yesterday.

Mahdi Hosseini, managing director of the state-owned Petrochemical Commercial Company, was quoted in the Iran Daily as saying Iran had exported US$560 million worth of petrochemicals in the 12 months to March 20.

This was above the $506 million revenue from petrochemical exports in March 1996-March 1997, but Iran had targeted export revenue of $650 million in 1997-1998, the newspaper reported.

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