US Boycott of Petrochemical Sector Will Prove Futile

The new US economic blockade on Iran’s petrochemical sector will neither impact exports nor its development plans, the head of Mehr Petrochemical Company, a subsidiary of the National Petrochemical Company, said.
“Several petrochem plants have been under sanctions over the last five years. Nonetheless, both production and exports have experienced an upward trend since 2017, meaning it is futile to boycott this sector as the mechanism to sell petrochemicals differs from that of crude,” IRNA also quoted Mohammad Eslami as saying.
The US Treasury Department said on Thursday it was imposing sanctions on several Iranian petrochemical firms, including Maroun Petrochemical Company, Kharg Petrochemical Company and Fanavaran Petrochemical Company.