Speaking to NIPNA, Homayoun Yousefi said Iran will raise its share in international markets once it completes the petrochemical projects it has at hand by timely investment from foreign and even domestic financiers.
The MP said Iran is bracing for absorption of new investments in its petrochemical sector, adding foreign financiers may form joint ventures with Iranian partners now that US-led sanctions on Tehran's nuclear program are being lifted thank to the landmark deal the country struck with the P5+1 group of countries, also known as the Joint Comprehensive Plan of Action (JCPOA).
He said skilled manpower as well as abundant and cheap feedstock are two of the major advantages of developing petrochemical projects in Iran, making investments more profitable in Iran than in its regional rivals.