Addressing a press conference on the occasion of the reporters’
day on Tuesday, Jafar Rabiei said the holding company was currently building projects
with a total value of 10 billion dollars in Iran.
“I can assure you that the sanctions have not prevented the
course of our production, export and FOREX generation,” he said.
In May 2018, the US pulled out of the Joint Comprehensive
Plan of Action (JCPOA); a nuclear deal Iran had struck with the P5+1 group of
countries back in 2015. Later in 2018, Washington imposed sanctions on Iran’s petrochemical
industry and later on, on the PGPIC and its subsidiaries.
“We cannot explicitly say how we deal with the restrictions
in order to minimize their effectiveness; however, I can assure you that the sanctions
have not impeded the course of our production, exports and generation of
foreign exchange and the US has not reached its goals in this regard.”
PGPIC has stepped in a projects to gather associated gases
in Aghajari and Gachsaran districts in order to feed Bidboland Refinery and produce
highly-valued items, he said.
The official said the petrochemical market was stable and petrochemical
goods in the stock exchange were being offered with the minimum fluctuations in