Iran Very Potent in Petchem Industry: MP

Iran Very Potent in Petchem Industry: MP
(Sunday, August 12, 2018) 16:08

TEHRAN (NIPNA) -- A member of the Iranian parliament said the country's petrochemical industry can supply a wide variety of products on the domestic and international markets provided that it completes the value chain in the sector and develop downstream projects.

Speaking to NIPNA, Hossein Amiri Khamkani underlined the massive potentialities of the petrochemical industry in Iran, adding: "Iran's geographical situation makes it an unparalleled country among gas-rich states for developing petrochemical projects."

"The existence of downstream petrochemical industries is one Iran's major advantages; an advantage that none of the countries in the region actually possess, and it should be noted that Iran has a high potential in development of downstream projects in the Middle East region," the MP added.

Iran has grown so much in the field of downstream industries and the growth of human resources in this industry has also been a lot, he added, saying: "In the future development plans, the focus should not be on upstream petrochemical projects only, but downstream projects must also be considered, and the parliament is ready for any kind of cooperation and support in this regard."

Investing in the petrochemical industry is one of the ways to prevent crude oil sale; the industry is economically lucrative and can also generate jobs, so everyone should support the balanced development of the sector, Mr. Amir Khamkani added.

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