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FinancialNews


  • 22-10-19

    Sanctions on Iran's petrochemical industry fail to accomplish its aims

    (MENAFN) Jafar Rabiei, the managing director of the Persian Gulf Petrochemical Industries Company emphasized the useless of the foreign sanctions that were aimed at driving Iran"s oil exports down to zero and eliminating Iranian petrochemicals from the world market, reported Tasnim News Agency.He said: "None of those objectives (against Iran) were accomplished," highlighting that the sanctions on Iran"s petrochemical industry have ended in complete failure.However, he added, sanctions caused some trouble and costs for those involved in the petrochemical industry."We identified the problems caused by sanctions in the petrochemical industry, such as maritime transportation and currency transaction, found solutions to each one, and overcame the problems," he added.

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