The petrochemical companies are: Bu Ali Sina, Nouri, Shahid Tondgouyan, Bandar Imam, Mobin, Pars, Shazand, Tabriz, Qaed Basir, Poulinar, Ariya Sasoul, Saderat-e Assalouyeh, Marjan and Jam.
The companies can now start selling their products globally and receive foreign currencies for goods sold through normal banking channels.
The development is particularly important for the country’s petrochemical industry. Unlike increasing crude oil production to pre-sanctions levels, the petrochemical plants can be restarted almost immediately without any major investments. But they need to produce products that could be easily marketed and transported globally.
File photo: Petrochemical plants in Assalouyeh on the shores of the Persian Gulf. (IRNA)