ANALYSIS

Iran bets on petroleum products for sanctions-busting profits

Dalga Khatinoglu
Dalga Khatinoglu

Oil, gas and Iran economic analyst

A facility at Bandar Imam Petrochemical Company on the shores of the Persian Gulf
A facility at Bandar Imam Petrochemical Company on the shores of the Persian Gulf

Tehran is shifting its sanctions-busting strategy away from crude oil toward more lucrative and less scrutinized petroleum products to boost revenues even as restrictions tighten.