NPC welcomes relief of sanctions

File photo shows installations at an Iranian petrochemical plant.

TEHRAN (FNA)- The board of directors of the National Petrochemical Company (NPC) welcomed sanctions relief on Iran’s petrochemical sector.

During a meeting of the NPC’s board of directors held today morning, the body discussed sanctions and expressed readiness of NPC for more cooperation with other countries in the sector.

NPC’s board of directors stated it was waiting to hear more about the details of the deal Iran and 5+1 group clinched today morning in Geneva on Iran’s nuclear issue.

“We are waiting for the foreign ministry to announce more details on the nuclear deal and its results for petrochemical sector”, the body stated.

The body also expressed hope new international environment provides better conditions for growth and development of Iran’s petrochemical industry.

A historical deal was struck early Sunday between Iran and the six world powers over Tehran’s nuclear program that lifts some sanctions.

The agreement – described as an “initial, six-month” deal – includes suspension of certain sanctions on gold and precious metals, Iran’s auto sector, and Iran’s petrochemical exports.

The deal also allows purchases of Iranian oil to remain at their current levels.

By Fars News Agency


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