resh Investment Needed in Petchem Industry: MP

resh Investment Needed in Petchem Industry: MP
(Tuesday, July 10, 2018) 11:43

TEHRAN (NIPNA) -- A member of the Iranian parliament said the arrival of fresh investment in the petrochemical sector must be supported, saying the body was fully ready to endorse petrochemical investments in Iran.

Addressing a gathering of senior petrochemical officials on Thursday, Masoud Pezeshkian, a member of the Iranian parliament, underscored the petrochemical sector's potentialities to wean the country off export of crude oil and gas and complete the value chain which can only be possible by the arrival of fresh investments in the sector.

"We must be concentrated, invest and encourage everyone to move towards investment in various sectors of the petroleum industry," said the MP.

"We have made many decisions in the past which we should not have made, but this is where we are now. Today we must close ranks inside the country and nurture advantages as much as possible," said the lawmaker.

"We have no way but to invest in our strong points inside the country. We must first recognize our advantages and move the country towards them."

The MP further voiced the parliament's support for petrochemical industry, adding, "We must spare no efforts in order to excel."

Oil and gas are the country's biggest advantages for the time being, but should not be merely sold in crude form, stressed the MP. "Find novel methods and we would support you in the parliament. We will never get to nowhere by only using old methods."

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