Iran: Reported interest in country’s petrochemicals sector ahead of expected lift in sanctions


The Linde Group is among a number of European companies reported to be interested in reviving their presence in Iran’s petrochemicals sector amidst the expected lifting of UN sanctions against the country.

Iran has been the subject of varying degrees of international sanctions since its nuclear programme became public in 2002, perhaps most notably the UN Resolution 1696 of 2006 that was imposed after Iran refused to suspend its uranium enrichment programme.

A resolution was announced last week, however, for the end of many of these sanctions in exchange for limits to Iran’s nuclear capabilities. It comes after almost two years of negotiations and sees Iran pledge to allow international monitors to inspect its facilities for the next 10 years, in addition to a number of other measures.

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