Middle East Economic Survey
VOL. LIV
No 48
28-Nov-2011
IRAN
Iran Defiant Over New US Sanctions On Petchems Industry
On 21 November the US government announced a decision to impose yet another new set of sanctions on Irans energy sector, which would specifically target any form of foreign investment in the countrys petrochemical industry that exceeds $5mn, or $1mn over a period of 12 months. Hillary Clinton, the US Secretary of State, noted in a statement to Congress that Irans petrochemical...
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