An oil production platform in the Persian Gulf. Photo: Reuters

US hits Iran’s largest petrochemical group, PGPIC, with sanctions

  • The move aims to choke off financing to Tehran’s most profitable petrochemical group, the Treasury Department said
  • The PGPIC group is responsible for 50 per cent of the country’s petrochemical exports
Topic |   United States

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An oil production platform in the Persian Gulf. Photo: Reuters
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