Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

IRAN

Iran Blocks NPC Petrochemical Exports Because Of Sanctions

Iranian Minister of Petroleum Masoud Mirkazemi announced on 5 December that Tehrans Presidential Committee had decided that all major petrochemical products that are needed for domestic production and demand of downstream industries can no longer be exported. The export ban is a result of tightening international sanctions against Iran, and demonstrates the increasing...