Reza Hamzehlou added that the country exports petrochemical products to 65 countries, including 17 European nations.
The official said 37 percent of the exported petrochemical products from Iran go to customers in the Far East, including China, 25 percent to the Middle East, 11 percent to Europe, 18 percent to the Indian subcontinent, seven percent to Southeast Asia and Oceania, and 1.2 percent to Africa.
"Currently China and India are our biggest buyers," he claimed.
Hamzehlou had said in November that Iran has defined new target markets such as Africa and South America in order to diversify the destination market for its petrochemical products.
He named Brazil and Argentina as the potential buyers of Iranian petrochemicals.
According to him, talks have started in the ALBA region (Latin America) with countries such as Venezuela, Ecuador, Bolivia and Brazil for the exportation of Iranian petrochemical products to these countries.
Iran currently produces 25.8 percent of petrochemical products of the Middle East and 2.4 percent of the global output.
The country plans to produce 44 million tons of petrochemicals by the end of the current year.
The Iranian 20-Year Outlook Plan (to end in 2025) envisions the petrochemical output to reach 100 million tons by 2015.
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