Speaking to NIPNA, Amir Hossein Bahreini said South Africa’s Sasol company has indicated keenness to return to Iran’s petrochemical industry now that the Joint Comprehensive Plan of Action (JCPOA) has been implemented and the US-led sanctions are being lifted against Tehran’s nuclear program.
Arya Sasol was formed with Sasol’s investment which had to leave Iran out of the pressure caused by the sanctions; however, the company has indicated willingness to return to Iran in the wake of removed sanctions, he added.
Bahreini said after Sasol left the company in Iran, it did not stop growing and has made dramatic achievements since then.
He further said Iran’s petrochemical industry needs timely investment for enhancing its output and exports to international markets.
Speaking of the value of Arya Sasol’s exports, Bahreini said the company is currently being quoted in Iran’s stock market for 20% of its output and exports the remaining 80%.
The company exports nearly 500,000 tons of polyethylene products annually.