New restrictions that the Trump administration imposed on Iran's petrochemical sector last week is another “ political tactic" and "a psychological war" and will not undermine production or exports.
Behzad Mohammadi, head of the National Petrochemical Company, made the statement on Monday on the sidelines of a ceremony to sign a memorandum of understanding with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to develop 14 petrochemical plants in the Parsian Special Economic Energy Zone in Hormozgan Province, NIPNA, the NPC's news portal reported.
"Completion of the first phase of the project will add 15 million tons of petrochemicals to NPC's exports," he said, noting that the plan will also increase domestic feedstock output.
June 11, 2019 16:45
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US Restrictions on Iran's Petrochemical Sector Another Political Ploy
"Sanctions are not something new. We have been dealing with challenges [like money transfer restrictions] since 2010 in some form or fashion. Nonetheless, we have not lost our share of the international market"
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