New Petrochemical Plant to Raise Urea, Ammonia Output

Lordegan Petrochemical Plant in western Chaharmahal-Bakhtiari Province was inaugurated on Thursday.
The plant will produce 1.075 million tons of urea and 677,000 tons of ammonia and generate $240 million annually, the Oil Ministry news agency Shana reported.
It is expected to consume 749 million cubic meters of natural gas as feedstock per annum.
More than half of the equipment used in the complex was provided by domestic manufacturers following national indigenization policies after Donald Trump, the outgoing US president, abandoned the historic Iran nuclear deal in late 2018 and imposed an economic siege on Iran’s key sectors, namely oil, banking and shipping.