TEHRAN (NIPNA) -- A petrochemical official says boosting security of investment in the petrochemical sector will lead to the industry’s promotion and growth. Speaking to NIPNA, Ahmad Mahdavi Abhari, secretary of the Association of Petrochemical Industry Corporations (AIPC), said investment security is one of the indices influencing promotion of businesses in every sector.
He said development of the petrochemical sector in the post-sanction setting has been acceptable, adding the relationships between Iranian petrochemical companies and their foreign opposite numbers have improved and some big holding companies like the Persian Gulf Petrochemical Industries Company (PGPIC) have been able to secure foreign finances and ussance.
Mahdavi acknowledged that there are still many banking issues with regard to working with foreign partners in Iran, adding the issues are being sorted out and interactions will become facilitated.
“We must also try to exploit the latest licenses and technologies in the petrochemical industry,” he added.
The AIPC secretary further said that the petrochemical industry of Iran will need $250b to $300b as finances for finalizing its projects.