BAKU, Azerbaijan, Feb. 11
By Elnur Baghishov - Trend:
The Iranian Ministry of Industry, Mine and Trade aims to domestically manufacture products worth $10 billion which are annually imported, said Iran’s Minister of Industry, Mine and Trade Reza Rahmani, Trend reports via IRNA.
Rahmani made the remark at a signing ceremony of an agreement between the National Iranian Oil Refining and Distribution Company and the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) on the production of sponge coke at Bandar Abbas and Shazand refineries.
Rahmani added that 10 programs are envisaged in this direction, noting that these programs will give impetus to domestic production.
The minister said that the aim is to maintain existing production in Iran, adding that production in other industrial sectors increased, except for aluminum and car production.
The US imposed sanctions on the sale of this product used in steel industry to Iran, and Iran aims to eliminate the problem in the steel industry by producing it domestically.
The US imposed sanctions on Iran in November 2018. Over the past period, the sanctions included Iran’s oil exports, more than 700 banks, companies and individuals.