Foreign Capital Key to Developing Petchem Industry: Official

Foreign Capital Key to Developing Petchem Industry: Official
(Wednesday, October 3, 2018) 16:29

TEHRAN (NIPNA) -- A member of the Tehran Chamber of Commerce said Iran's petrochemical industry, given its advantages, could have a larger toehold in international markets by fresh investments.

Investment in the petrochemical industry is an indispensable prerequisite for paving the way for the growth of the industry, said Farhad Fozouni, in an interview with NIPNA. 

The official said the petrochemical industry was an important pillar of the country's economy, and given the Iran's advantage of abundant cheap hydrocarbon resources, expert labor and unique geographic situation, investing in the petrochemical industry “is an attractive, secure and growing opportunity for the private and public investors.” 

He also underlined the necessity of using downstream technologies and creativity in the petrochemical industry, emphasizing that petrochemical plants could guarantee the flow of revenues to the country.

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