Who lifted the Iran Sanctions? latest report from Iran indicates doubling the petrochemical products export over the past month.

Who lifted the Iran Sanctions? latest report from Iran indicates doubling the petrochemical products export over the past month.(Taz).By Dalga Khatinoglu.

The latest report from Iran indicates doubling the petrochemical products export over the past month. A report from the Iran Custom Administration shows a growth of about 214 percent, surpassing pre-sanctions levels.

There is not any concrete evidence to show the reason, but the Custom Administration's report last month indicates a twofold increase of condensate export in last two months of Iranian calendar year, compared to average of monthly condensate export during the year, surpassing pre-sanctions level as well.

The condensate and petrochemical products exports are vital for Iran because they share about a half of the country's total non-oil exports.

The rapid rising of condensate and petrochemical products exports after the Iranian newly elected moderate President Hassan Rouhani took power in August seems to be resulted by the easing of some restrictive measures imposed by the West on Iran during Mahmoud Ahmadinejad's presidency.

When comparing the figures over the past two months with the same periods during last two years, we find no indication that these rises result from seasonal conditions.
The EU's petrochemicals-related sanctions on Iran started even several months earlier than oil-related ones.Read the full story here.