Iran Petrochemicals Q4 2019
The Iranian petrochemicals industry is set to see output shrink in 2019 and 2020 as it is targeted by a tightening USsanctions regime and the economy suffers from the effects of reduced oil revenue. The sector is already marked by problems ofunder-utilisation of capacity and, in output diminishes, it will undermine the commercial viability of planned plants. Capacity hasgrown significantly since sanctions were eased under President Barack Obama. A return to sanctions will therefore plunge thesector into a financial crisis.
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