Iran is a global petrochemical market that presents enormous opportunity along with a number of unique challenges to entry. With the world’s second-largest natural gas reserves and sound economic fundamentals, Iran is well positioned to become a major player in the global petrochemical space.
Since the lifting of nuclear related sanctions against Iran in January 2016, Iran has attracted the attention of international companies looking to invest in a diversified market with strong economic fundamentals. Sentiment in the market has been strengthened by a significantly improved investment climate driven by Iran’s President Rouhani, who was re-elected to a second term in May 2017; the lifting of sanctions; changes in regulatory frameworks; and negotiations with countries that have expressed interest in exploring investment opportunities. With the world’s second-largest natural gas reserves and sound economic fundamentals, Iran is well positioned to become a major player in the global petrochemical space.
Although the sector has large potential and offers exciting opportunities, some challenges to Iran’s petrochemicals industry remain. Our 'A new era for Iranian petrochemicals' report looks at:
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