Trending Theme: Iran Seeking to Increase Petrochemical Exports

After having its petrochemical industry placed on the U.S. anti-terrorism sanctions list on June 7, 2019, Iran has been racing to increase exports of petrochemicals and has been looking to Brazil to serve as a new market to mitigate the risk of losing crucial revenue. The petrochemical industry is the second largest export industry in Iran, and this sanction is targeted at the Persian Gulf Petrochemical Industry Co. (PGPIC). PGPIC is Iran’s largest petrochemical company, making up 50% of its petrochemical exports. According to Reuters, Iran is looking for partners in Brazil to seek new opportunities. The effect of continued U.S. sanctions on Iran will likely lead Iran to pursue similar efforts with other domestic industries.

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Global Risk Intel

Global Risk Intel

Global Risk Intelligence (GRI) is a boutique risk advisory firm. GRI navigates complex global risk issues and provides solutions for clients. GRI is committed to helping clients improve operational excellence by better understanding current and unperceived threats, ensuring that they are resilient in an increasingly uncertain era.

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