News Code : 45268

Petrotahlil - The government's ambitious plans for the petrochemicals industry look set to be thwarted by a combination of USsanctions, the effect of collapsing oil prices on the competitiveness of Iran's ethane feedstock and contracting domestic andexternal markets. Even if its target of 100.0mtpa petrochemicals capacity by 2022 is achieved, capacity utilisation is likely to be solow - even if risks abate in the most optimistic scenario - that the Iranian petrochemicals industry will be in considerable financialdistress. As such, we envisage projects will be significantly delayed or cancelled altogether even as the country begins a multi-yearroad to economic recovery.

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