|Tehran to host International Petrochemical Forum||
TEHRAN - The 11th International Petrochemical Forum (IPF) of Iran will open today at the National Iranian Petrochemical Company’s headquarters in Tehran.
Over 220 Iranian companies and 36 foreign companies from 15 countries will be participating in the 2-day event.
Germany, France, China, Greece, India, Italy, Japan, Saudi Arabia, Singapore, South Korea, Spain, Switzerland, Tunisia, the United Arab Emirates, and Vietnam will be the foreign participants.
Iran’s oil and petrochemical exports have increased following some sanctions relief on the Islamic Republic, including the EU and U.S. bans on the country’s petrochemical exports.
The ban ease is part of an agreement inked in Geneva last November between Iran and the five permanent members of the UN Security Council - the U.S., France, Britain, Russia, and China - plus Germany, under which the six countries agreed to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month period.
The Geneva deal took effect on January 20.
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