CEO: Sanctions No Hurdle to Petchem Productivity

The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country.

Speaking to Shana, Behzad Mohammadi said the current international conditions did impose restrictions to the petrochemical industry, adding, however, petrochemical companies were able to solve their problems and would exert every effort not to be impacted by the sanctions.

He said the Iranian Minister of Petroleum Bijan Zangeneh was seriously pursuing financing of the ongoing petrochemical projects, saying preparing the ground for funding the projects through Islamic bonds was under way.

Mohammadi, who is also deputy petroleum minister for petrochemical affairs, also expressed optimism that funding of the projects would take place within a few months.

source: FARS News Agency