Iran’s Petrochemical Industry Outdoing U.S. Sanctions

Date: 24 November 2019 - 21:38

News ID: ۷۳۰۸۴

TEHRAN (Dispatches) - CEO of Jam Petrochemical Plant Mohammad Reza Saeedi has said that Iranian petrochemical plants are defeating the U.S. sanctions against the country as they have managed to materialize their objectives in sales and production so far, said.
According to the National Petrochemical Company (NPC), Saeedi said the company had developed detailed plans for enhancing its output and carrying out new projects.
"Despite the sanctions and reduced price of polymer products, our company has been able to materialize its sales and production goals,” he said.
The official further added that the sanctions had indeed created some trouble for the company, adding, that, however, by tapping domestic capabilities "we can continue on our path to prosperity and success”.
He said Jam Petrochemical Plant was focused on promoting the status quo, developing market presence, diversifying products, and production of new polymer grades.