MP Differentiates Between Oil and Petrochem Sectors

Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a lawmaker said.
Regarding the talk about the petrochemical industry being sanctioned by the US, Ali Bakhtiar rejected the likelihood as a “media stunt and not something doable and feasible,” the parliamentary news website ICANA reported.
President Donald Trump on Wednesday ordered new sanctions on Iran, this time targeting the export revenues from industrial metals sector including iron, steel, aluminum and copper. “Tehran can expect further actions unless it fundamentally alters its conduct,” the belligerent American leader said.