Azerbaijan, Baku, Nov.6/ Trend G.Mehdi/
Iranian Oil Minister Rostam Qasemi has lifted a ban on the exports of petrochemicals and ordered their regulation instead, ISNA quoted Deputy Oil Minister Abdolhossein Bayat as saying.
Previously, IRNA quoted the Iranian Organisation for Supporting Consumers and Producers announcement that the administration has banned the export of petrochemical products including polymers, as a measure to "support national production".
The list which included polyethylene, polypropylene, polyvinyl chloride and PET, was part of the 50 industrial and agricultural products restricted for export sales.
The news came as the U.S. and Europe stepped up sanctions against Iran in an attempt to curb its nuclear programme.
The West accuses the Islamic Republic of trying to build nuclear weapons, but Tehran says its nuclear programme is aimed solely at generating electricity.
On September 29, Bayat said Iran has exported roughly $6 billion worth of petrochemical exports in the first six months of the current Iranian calendar year, which began on March 20.
Bayat added that the figure is projected to exceed $15 billion by the end of the year.
Last year, Iran exported 16.2 million tons of petrochemical products to 60 countries around the world.
Europe and China were the main recipients of Iran's petrochemical exports, followed by Southeast Asia, the Middle East, the Subcontinent, Africa and Latin America.