Iran Invites Russia To Invest Its One Sanctions-Proof Energy Sector ...Middle East

Since the earliest days of its Islamic Republic from 1979, Iran has looked to its petrochemicals sector as being a key to its ‘resistance economy’ model - the concept of generating value-added returns by leveraging intellectual capital into significant revenue, profit, and technology-acquisition streams wherever possible. The sector has also always carried with it the advantage of occupying a legal grey area in the various sanctions regimes imposed against it over the past 40 years or so. With its long-term partner, Russia, now facing…

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