Petrochem Development Will Help Mitigate Sanctions Effect

Completing the value-added production chain in the petrochemical sector can generate higher revenues, first deputy speaker of the parliament said.
"The development of petrochemical industry is one of the effective strategies to tackle looming US sanctions," Masoud Pezeshkian was also quoted as saying by NIPNA, the National Petrochemical Company's news agency. 
US President Donald Trump unilaterally withdrew the US from Iran nuclear deal in May.
"Petrochemical initiatives have the potential to help the country circumvent sanctions by generating revenues," Pezeshkian said.