Displaying items by tag: embargo

Iran: Jafar Sarqeini, the Deputy Minister of Industry, Mine and Trade for Mining Affairs, says that US-backed trade sanctions have not slowed cement exports. He added that the embargo has only placed some obstacles in the way of financial transactions and return of money to the country, according to the Islamic Republic News Agency. The official said that the local industry can export up to 20Mt/yr of cement. Local production capacity is forecast to reach 120Mt/yr by 2025. However, a recession in the mining sector has kept production behind capacity.