The Pars Glycol Petrochemical Complex, previously known as Pars Phenol, with an annual production capacity of more than 550,000 tons of ethylene glycol, has been put into operation as one of the key projects of Iran's petrochemical industry in the second phase of the Pars Special Economic Energy Zone.

The Strait of Hormuz has become a strange scene in the global energy market these days, with ships having to disappear to pass through it.

While no official decision has yet been made on Iran’s sanctions waivers, speculation about the possibility of some restrictions being eased has focused attention on an industry that became one of the country’s most important sources of foreign exchange during the sanctions years: the petrochemical industry. But the big question is whether any potential waivers would only pave the way for exports, or could they also unlock technology, equipment, and investment?