Speaking to
reporters on Monday, Behzad Mohammadi said sanctions were nothing new to Iran’s
petrochemical industry, adding the sector had been subject to the bans since
2013.
Earlier this
week, US Treasury imposed sanctions on Iranian companies including the Persian
Gulf Petrochemical Industries Company (PGPIC), the largest petrochemical holding
company in Iran.
“The imposed sanctions
on the petrochemical industry would not influence our production and exports
much and we are focused on developing the sector disregarding the sanctions,”
the official said.
NPC has been
successful to materialize over 90 percent of its revenue generation plan for
the country, he said.
This Iranian
calendar year, which began on March 21, Kaveh, Bushehr and Ilam Olefin projects
are to become operational adding 5 million tons to the country’s petrochemical production
capacity.
Moreover, 15
other petrochemical projects are expected to become operational by the end of the
next Iranian calendar year to March 2020.
“We have no
trouble both for production and supply of catalysts and the sanctions imposed
by the US on the petrochemical industry only serve as mere political theatrics rather
than impacting the sector,” Mohammadi added.