Ideal Opportunities for Petchem Investors in Iran

Ideal Opportunities for Petchem Investors in Iran
(Monday, June 11, 2018) 17:48

TEHRAN (NIPNA) -- The head of the Iran-Germany Joint Chamber of Commerce says Iran, given its vast oil and gas reserves, is the best country for developing petrochemical industries, offering the greatest investment opportunities to potential investors.

Speaking to NIPNA, Ali Ghasaei said World Bank in its recent report about the prospect of world economy has introduced the biggest oil and gas producers in the world based on which Iran is recognized as a major oil and gas supplier given its massive hydrocarbon reserves.

"This feature, besides Iran's gas reserves, makes it a country with the best potential for investment in petrochemical industries," the official said.

He also underlined attractions of Iran's petrochemical industry for foreign financiers, adding: "Iran sits atop the world's biggest oil and gas reserves which means capital projects are very attractive in the sector."

Easily accessible and affordable fuel are two of the major advantages of Iran's petrochemical industry for investment, he noted, adding: "Fortunately, the Europeans have unanimously supported the Joint Comprehensive Plan of Action (JCPOA) that is very significant, and if, for any reason, [US President] Trump pulls out of the political scene of the world, European and even American investors may come to Iran."

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