Spokesman Voices Admin Support for Petchem Investors

Spokesman Voices Admin Support for Petchem Investors
(Tuesday, May 22, 2018) 17:25

TEHRAN (NIPNA) -- Iranian Cabinet Spokesperson Mohammad Bagher Nobakht on Tuesday voiced Rouhani administration's full support for foreign firms willing to invest in Iran's petrochemical projects.

Addressing reporters in a weekly briefing, Nobakht said: "The administration would offer any form of support to foreign companies willing to invest in Iran's petrochemical industry."  

He underlined US president's recent pressure on foreign firms against investing in Iran's oil, gas and petrochemical investments, saying the administration would provide the required instruments and facilities for investors willing to invest in Iran's oil and petrochemical sectors.

"Undoubtedly, we would welcome and support such investments," the spokesman said.

He said according to the International Monterey Fund (IMF), Iran was s till the 18th biggest economy in the world despite the sanctions.

The country's oil income grow 99 percent in the month of Farvardin (the first month in the Iranian calendar year beginning on March 21 to April 20), from the same period last year, Nobakht added.

"During Farvardin, we sold each barrel of oil at $63 while the figure was $51/b last year," he said.

The official also said the country sells certain petroleum products like gas condensate at prices beyond $70/d.

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