BAKU, Azerbaijan, Jan. 19
By Elnur Baghishov – Trend:
Iran's Bandar Imam Petrochemical Company fulfilled 95 percent of its production plan during the first nine months of the current Iranian year (March 20 through December 20, 2020), Trend reports citing the company’s website.
According to the report, the company produced more than 3.5 million tons of chemical and petrochemical products over the reporting period.
“The US has imposed sanctions on Iran's Bandar Imam Petrochemical Company and its five subsidiaries. Despite the sanctions, the company produces equipment spare parts, catalysts and necessary substances in the petrochemical sector to continue production,” the report said.
The Bandar Imam Petrochemical Company, which is located 105 km south-east of Ahvaz city, 84 km east of Abadan city in the Khuzestan Province (southwestern Iran) produces the chemical products, namely, caustic soda, vinyl chloride, ethylene dichloride, methyl tert-butyl ether (MTBE), hydrochloric acid, salt, gas products, ethane, propane, butane (LPG), pentane, ethylene, olefin, polymer products, high-density polyethylene (HDPE), aromatic products, benzene, mixed xylene and paraxylene.
The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies, and individuals.