Speaking on Wednesday, Reza Norouzzadeh said that
over 60 billion dollars had already been invested in the sector so far, adding
the Rouhani administration was highly focused on the development the petrochemical
industry in order to boost the country's non-oil exports.
The official said several petrochemical plants faced feedstock shortages but NPC was exerting efforts to solve
their problems.
Iran has privatized its petrochemical industry
which disallows state companies to directly invest in projects in the sector.
NPC as the regulatory body of the industry, is tasked with monitoring the
sector and assisting the private sector in development of the projects.