Petchem Regulator Key to Ensuring Export Integrity

Petchem Regulator Key to Ensuring Export Integrity
(Saturday, September 15, 2018) 18:05

TEHRAN (NIPNA) -- Iran's petrochemical industry is in need of a regulator to devising master plans for developing the sector and orchestrating exports, a businessman says.

Speaking to NIPNA, a member of the Tehran Chamber of Commerce, Ala Mir Mohammad Sadeghi, said a regulator can ensure integrity of exporters and devise master plants in the petrochemical sector.

He said the capacity and attractiveness of investment in Iran's petrochemical industry is very abundant, adding: "One of the things that undoubtedly will increase the development and attraction of investment in the petrochemical industry is to create a regulatory body in this industry."

The businessman further added that the National Petrochemical Company (NPC) could play as the regulator of the industry in Iran to bring together petrochemical industrialists from across the country.

"Iran's petrochemical industry can play a role the country's industrial and economic development by producing various products, as this industry has a lot to say today, not only inside but also outside of the borders of this country."

Mr. Sadeghi said developing the petrochemical industry could safeguard the country against sale of crude oil and gas, adding, "Evidently, many foreign investors are keen on joining petrochemical projects in Iran."

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