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Iranian Petrochemical Exports Drop Amidst Sanctions

Analysts Weigh in With Risks and Highlights

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Posted on: 
15 Apr 2019 (All day)
Iranian Petrochemical Exports Drop Amidst Sanctions
Reports over the weekend indicated that sanctions imposed on Iran to deter it from pursuing its renegade nuclear program are having a notable effect on the Islamic Republic’s ability to export petrochemical products, one of the regime’s main sources of revenue. Official statistics released by the National Iranian Petrochemical Company indicates that exports decreased by over 2 million tons in fiscal year 2018, resulting in a drop in state revenues of $10.645 billion. Also over the weekend, officials announced that the death toll from floods which have effected 26 of Iran’s 31 provinces has reached 76, with many more injured and approximately $2.6 billion in damage to roads, bridges, buildings and other infrastructure.

The damage has been so bad that reports indicate large numbers of Iran’s Islamic Revolutionary Guards Corps and Shi’ite militias from Iraq and other countries which the Guards had organized to fight in Iraq and Syria have instead been deployed inside Iran to help the regime manage the effects of the flooding.

Here are some videos which give a closer look at what’s going on in Iran and its effects on the wider Middle East region





 

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