The state-run Asr-e Iran daily reported Iran’s Isfahan Petrochemical Complex has been forced to shut down due to debts. This is yet another result of the mullahs’ destructive economic policies.
“The main reason for the closure of this petrochemical unit is the increasing amount of its debts to the Isfahan oil refinery,” the Iranian regime’s deputy oil minister and the complex’s managing director announced.
“Coinciding with its rising debts, disputes over the price of raw material had a role in the closing of this petrochemical complex,” he added.