Last night, the US Treasury Department’s Office of Foreign Assets Control announced that the Persian Gulf Petrochemical Company and its 39 subsidiaries and dealers were blacklisted. This issue will surely create new bottlenecks for the export of Iranian petrochemical raw materials in the short term, but we should note that now the steel industry, despite […]
Last night, the US Treasury Department’s Office of Foreign Assets Control announced that the Persian Gulf Petrochemical Company and its 39 subsidiaries and dealers were blacklisted. This issue will surely create new bottlenecks for the export of Iranian petrochemical raw materials in the short term, but we should note that now the steel industry, despite being under sanctions, has continued its export life by making its price attractive in target markets. And they are going through sanctions. It is too early to “accurately” assess the effect of these sanctions announced on (Friday, June 7, 2019), but personal analysis and experiences of the sanctioned industries indicate that for petrochemicals to cross the trap of petrochemical sanctions due to diversification of the consumer market and the possibility of sale. Capillary in small export children (whose major buyers can be small industries in neighboring countries or end users in export markets) is much less expensive than sanctions on the oil and other industries. However, one has to be a little patient in order to examine the field results of this embargo in more detail from different dimensions. We, the complementary industries of the country’s petrochemical industry, hope that this news of the domestic raw materials market will not fluctuate and we ask the organizations to carefully monitor the supply in the commodity exchange so that supply and demand have a reasonable ratio. We will stay in the hope of better news and more lively days of our dear Iranian plastic industry.
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