The plan comes as part of the country’s bid to diversify its petrochemical market which will open up further to Iranian products when sanctions are removed.
"A special plan has been devised in order to export petrochemical products at competitive prices to North American countries, even the US," he was quoted as saying by IRNA.
In May 2013, the US government blacklisted eight major Iranian petrochemical companies, including Bandar Imam Petrochemical Co., Bou Ali Sina Petrochemical Co. and Mobin Petrochemical Co.
While the government has placed on the agenda finding new markets in North America, it also plans to resume petrochemical exports to Europe.
Currently, Iran has the possibility to sell its petrochemical and polymer products but the lifting of sanctions will cut export costs and boost their advantages for the target market, according to Mahdavi.
Iran can produce over 25 million metric tons of petrochemical products annually. The figure is expected to rise when new plants become operational.
According to the official, the country is capable of exporting more than 2.5 million tons of petrochemicals and polymer products to Europe a year.
"While a final nuclear agreement between Iran and the West has not been achieved yet, numerous European companies have started their negotiations with Iran for resuming imports of petrochemicals," he said.
International traders have repeatedly visited Tehran and now some of them reportedly have permanent representatives in the Iranian capital.
