Iran planning to expand petchem sector, despite sanctions
- Iran: Wednesday, March 06 - 2013 at 04:52
The National Iranian Petrochemical Co (NIPC) has said the Islamic Republic is planning to expand its petrochemical industry, despite Western sanctions against Iran's oil industry, Tehran Times has reported. In the fiscal year of 2011, Iran exported around 18 million tonnes of petrochemical and polymer products, worth just over $14bn, to more than 60 countries. Last year, exports dropped to meet domestic consumption which grew by 20%, the firm said.
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