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.
Islamabad is eyeing the help and cooperation of the Economic Cooperation Organization (ECO) in restoring rail network among Islamabad, Tehran, Istanbul and central Asian countries.
An Iranian deputy minister said French carmaker Renault SA will return to Iran after it halted cooperation with Iranian companies under the US sanctions.
Gone are the days where the economics of sustainability meant mining companies had to choose between what was best for their bottom line and what was best for the environment and the communities their mines affect, a BDO report, Impressions from PDAC 2019, released this week finds.
National Iranian Oil Company is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite, Iranian and western sources said.
European Union Foreign Policy Chief Federica Mogherini said the 28-member bloc would continue to make sure that Iran will reap the benefits of the 2015 nuclear deal between Tehran and world powers as the issue of sanctions relief was an integral part of the deal.
The president of Iran voiced the country’s readiness to expand trade ties with Iraq and increase exports to the neighboring state.