Investments key in creating new Export Opportunities: Official

Investments key in creating new Export Opportunities: Official
(Saturday, March 3, 2018) 21:00

TEHRAN (NIPNA) – The head of Iran's Export Confederation says, by investing properly, new opportunities can be created in the target markets, adding by completion of the downstream petrochemical chains, the value of exports will increase in the sector.

Speaking to NIPNA, Mohammad Lahouti said: "Iran's petrochemical industry is developing rapidly, and all sectors of this leading industry must be supported. By completing the value chain, we can add value to this industry."

Lahouti, referring to the acceptable share of petrochemicals in the export mix of the country, said: "A glance at the country's export records in recent years show that in the [calendar] year 1380 (2001-2002), the country's export figure was only $3 billion, while the figure has accelerated considerably in recent years."

The official further stressed the 3% growth in export of petrochemicals and gas condensate in the first 10 months of the current Iranian calendar year which began on March 21.

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