Azerbaijan, Baku, Jun.2/ Trend F.Karimov/
Iran knows the way to circumvent new U.S. sanctions on the country's petrochemical industry, the Tasnim News Agency quoted the head of the association of Iranian oil, gas, and petrochemical exporters, Hassan Khosrojerdi as saying.
The U.S. is trying to launch a psychological war against the country, he said.
On Friday, the United States blacklisted eight Iranian petrochemical companies as part of its plan to pressure Iran to halt its uranium enrichment program.
Exporting petrochemicals is not like exporting crude oil. Petrochemical products are exported in different ways and from different locations. Government officials can make coordination with buyers in order to delete the name of the producer from their bills, Khosrojerdi noted.
The managing director of the National Iranian Petrochemical Company Abdolhosein Bayat said on Saturday that "Despite the sanctions, petrochemical products are being exported to over 65 countries. Iran started diversifying its petrochemical products and finding new markets two years ago."
Bayat had previously said Iranian experts have mastered the technological expertise and acquired the licensing required to manufacture 38 petrochemical products.
Iranian Oil Minister Rostam Qasemi has said the country is not concerned about the impact of Western sanctions on the development of its oil industry.
"In recent years, with good support from the government, suitable investments have been made in the industry," Qasemi stated.
In May, Bayat said that over the past eight years, the country's annual petrochemical output has increased by 38 million tons.
The output will surpass 75 million tons by the end of the current Iranian calendar year, which ends on March 20, 2014, he noted.
Iran exported about $12 billion worth of petrochemical products in the previous Iranian calendar year (March 2012-March 2013), he added.
East Asia, Central Asia, Southeast Asia, and Africa were the main destinations of Iran's petrochemical products.