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Iran reverses decision to ban exports of petrochemicals

2:32 PM MST | November 12, 2012 | —Ian Young and Natasha Alperowicz

Iran’s recently announced ban on exports of petrochemicals and polymers—a decision that has been partially reversed—was the result of a misunderstanding, according to the country’s top official responsible for the sector. Abdolhossein Bayat, managing director of National Petrochemical Co. (NPC; Tehran), speaking at the 8th Iran Plast Exhibition, held recently in Tehran, said that the decision to prohibit export of 52 items, including a number of petrochemical products, was made by Iran’s industry, mine, and trade ministry without any...

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