Iran Petrochem Sector to Help Mitigate Sanctions Effect

Iran will find a way to circumvent US sanctions and develop the petrochemical industry under those limitations, the managing director of the National Petrochemical Company said.
“We have the experience of the previous round of sanctions to mitigate the damaging effects,” Seyyed Reza Norouz-Zadeh was also quoted as saying by Shana, the Oil Ministry’s official news agency, on Saturday.
Ali Mohammad Bosaqzadeh, NPC's deputy for production control, also said that notwithstanding the tighter US constraints reimposed on May 8 by US President Donald Trump compared to the previous round of sanctions that were removed more than two years ago, the European Union, Russia, China and the United Nations are on the Iranian side over the issue.