News ID: 215271
Published: 0139 GMT May 18, 2018

Iran petchem exports won't be affected by sanctions: Official

Iran petchem exports won't be affected by sanctions: Official

Mechanisms for exporting petrochemicals devised during the earlier round of sanctions have still been preserved, therefore the industry will not be affected by fresh sanctions re-imposed by the US, a top Iranian official said.

Commenting on any possible implications of the US withdrawal from Iran nuclear deal on the country's petrochemical industry, the Managing Director of Iran's Petrochemical Commercial Company Mahdi Sahrifi told IRNA that given the mechanisms the industry has established over the past 20 years, Iran's petrochemical industry will not be affected.

He pointed out, "Even following the JCPOA, some trade difficulties, including banking issues, were not totally removed, so the US withdrawal from the deal will not have such a big effect."

   
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