Petrochem Firms Are Pioneers in Forex Income, Industry Chief Says

Petrochemical companies are in the lead in generating foreign currency revenue at a time when Iran’s economy is under US sanctions and struggling with forex shortages.
In a talk with IRIB, Ahmad Mahdavi, secretary of the Petrochemical Industry Contractors Guild Association, said currency generated by petrochemical exports in the present fiscal year (ends March 2022) was 76% higher than the corresponding period last year. 
“Petrochemical companies earned more than $40 billion in export since fiscal 2018-19,” he said, referring to the year when the US administration under Donald Trump abandoned  the landmark Iran nuclear deal and imposed tough new sanctions.