It is reported that despite of the sanction and blacklist by the United States, Iran’s Mahshahr Petrochemical Company is going to expand its production with the assistance from Turkish company and Korean company.
It is said that United States embargoed eight Iranian government controlld Petrochemical companies such as Bandar Imam Petrochemical Co, Bou Ali Sina Petrochemical Co and Mobin Petrochemical Co.
Nevertheless, it is estimated that Iranian petrochemical products are still being shipped to the EU countries under sanction with annual petrochemical output advanced by 38 million tons and will exceed 75 million tons by the end of the current Iranian calendar year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65185&division=A9
