The fresh sanctions on Iran’s petrochemical sector will not stop it selling to European markets but would push up global market prices and generate more export revenues, as per Fars news agency.
"(SSanctions) will certainly lead to an increase in the price of petrochemical products in the global markets and it might unwillingly be a significant contribution to our foreign exchange revenues because Iran will never lose its target markets," Deputy Oil Minister Abdolhossein Bayat told Fars.
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Friday, November 25, 2011
US sanctions unlikely to impact Iran’s petrochemical sales to Europe
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