Petchem Industry Key in Boosting Non-Oil Exports

Petchem Industry Key in Boosting Non-Oil Exports
(Sunday, November 4, 2018) 12:59

TEHRAN (NIPNA) -- A member of the Tehran Chamber of Commerce said the petrochemical industry played a key role in enhancing export of non-oil items and generating revenues for the country.

Speaking to NIPNA, a member of the commerce and export development committee of the Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIM), Abbas Argon, said production of petrochemical products had considerable growth in the recent years in Iran, adding petrochemicals account for the lion’s share of non-oil exports in the country which makes it a key sector in the economy.

 He said that the US sanctions would not stop the development of Iran's petrochemical industry, adding if the conditions were met and the process of attracting investors were more open, “this value-creating industry can absorb large domestic and foreign investments.”

 Argon said: "The role of petrochemicals in realizing the goals of the economy of resilience is obvious, and it should be noted that the petrochemical industry plays a key role in the country's development, as well as creation of jobs and revenues; the industry undoubtedly increases the value of national capital through completion of a value chain."

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