In recent weeks Iran has been sending test cargoes to>>> Brazil>>>, a new market for Iranian petrochemicals exports, said two separate international trading sources, who like the other sources declined to be identified due to the sensitivity of the matter.
>>>Carlos Millnetz>>>, a director at chemical company>>> Eleva Química Ltda>>>, based in Brazil's southern>>> Santa Catarina state>>>, told Reuters they had been importing>>> urea>>> from Iran.
"Iran wanted to diversify the destinations, they were looking for a Brazilian partner, and we thought it was a good opportunity," he said.
Millnetz said the company had checked with the >>>Brazilian government>>> before starting the business and established there were>>> no restrictions>>>.
"What they told me was that US sanctions applied to oil-based produces, crudes and fuels, etc. Ammonia by-products such as>>> urea are not included>>>, they can be traded," he added. "I had all the paperwork, all the permits from the government, I would never do something that had any restrictions."
He said the latest sanctions announcement did not affect the purchases.