Iran Petrochemical Commercial Co. (IPCC), which is the NPC's commercial arm, has concluded one-year supply agreements with European and Chinese companies to supply methanol to these markets. The move comes after NPC's methanol was introduced to these markets sometime ago. NPC News Bulletin announced in its November 2001 issue that IPCC had concluded long term supply contracts with a Korean company for the supply of methanol to Korea and China. IPCC already exports its methanol to Far East, China, Pakistan, India, Korea and Europe.