Petchem Industry, Engine of Iran Economy: MP

Petchem Industry, Engine of Iran Economy: MP
(Sunday, November 4, 2018) 13:24

TEHRAN (NIPNA) -- A member of the Iranian parliament said that the role of the petrochemical industry in creating value-added items and regulating the market, as well as creating jobs and preventing crude oil sales “is undeniable”.

Speaking to NIPNA, the chairman of the Civil Affairs Committee of the Iranian Parliament, Mohammad Reza Kouchi, said the petrochemical industry was the most valuable sector for the country, adding, "In the current state of the country's economy, petrochemicals are considered to be economic drivers.”

 He further stressed the need for government and the parliament to support the development of the petrochemical industry, saying that petrochemical companies, as private institutions, producers and entrepreneurs, could bring the greatest amount of revenues to the country.

 The MP said that the petrochemical sector was pivot of non-oil exports for Iran, and the balanced development of this industry and the production of end-user items could lead to generation of more value-added products domestically.

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