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Page 5 - தேசிய பெட்ரோ கெமிக்கல் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Petrochem s shareholders nod to dividends for 2020

Iran plans petrochemical BOOM despite US sanctions

Follow RT on Iran’s petchems sector now accounts for over 30 percent of all its non-oil exports and Tehran is planning to boost this further through the build-out of a number of dedicated hubs. Given the extreme unlikelihood of the US returning to the currently structured Joint Comprehensive Plan of Action (JCPOA), and Iran’s unwillingness to renegotiate the deal any time soon, the Islamic Republic remains focused on three key areas where it can make money despite ongoing sanctions form Washington. Alongside the continued development of its huge West Karoun oil fields, the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations), and the finalisation of the crude oil transfer pipeline from Guriyeh to Jask, Iran’s core focus in the current sanctions environment is to optimise the output and revenues from its already world-scale petrochemicals sector. This has always played a key role in Iran’s

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