TEHRAN- The value of Iran’s oil products export increased 40 percent in the first half of the present Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, the boar director of Iranian Oil, Gas and Petrochemical Products Exporters Union (OPEX) announced.

Hamid Hosseini said while the six-month export indicates 40 percent growth in value, it fell 20 percent in weight, as compared to the same period of time in the past year.

Major export products included liquefied petroleum gas (LPG), polymers, methanol, bitumen and industrial lubricants, he said.

“It is hoped that we can maintain the 55 percent share of downstream oil and gas industries in the country's exports”, Hosseini further noted.

The expansion of trade diplomacy, and the activation of chambers of commerce, one of whose tasks is marketing, can be a solution for the development of the share of downstream oil industries, the board director of Iranian Oil, Gas and Petrochemical Products Exporters Union (OPEX), who is also an energy expert, further commented.

MA/MA