A rekindling of direct foreign investment in Iran’s huge petrochemical sector—if and when international sanctions are lifted—could reap large rewards for nimble investors "with the significant intestinal fortitude necessary to assume relatively high levels of economic and political risks," says new analysis from IHS Chemical. Iran has a number of important advantages to potential petrochemical investors, including low-cost feedstocks and access to major markets, despite an extremely high degree of political risk, legal uncertainty, and bothersome levels of administrative and bureaucratic obstacles, IHS Chemical adds.
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