Iran Poised for Major Petchem Leap

Iran Poised for Major Petchem Leap
(Saturday, January 6, 2018) 17:20

TEHRAN (NIPNA) -- An official with the National Petrochemical Company (NPC) says construction of new projects in Iran heralds realization of a major leap in the sector.

Speaking to NIPNA, Ali Mohammad Bossaqzadeh, director of production control at NPC, said that construction and completion of development projects in the sector, given the fact that value-added items are produced by the industry, can create a major development in the petrochemical sector of the country.

Expressing satisfaction at the current petrochemical progress in Iran, the official said that completion of the value chain is a key strategy in the sector, adding production of end-user items can generate a lot of value added which should be considered by petrochemical industrialists.

Bossaqzadeh, who is also a member of the NPC board of directors, added that by relying on state-of-the-art technologies and tapping domestic resources of skilled manpower, Iran's petrochemical industry is progressing fast forward.

"Iran is anticipated to become a major petrochemical power in the Middle East and the world by the end of the 6th development plan," he added.

The official further said that policies should be made in such a way that the private sector plays a more active role in the industry and fresh investment both by domestic or foreign parties are introduced to the sector. 

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