Diversifying Petchem Products, Necessary

Diversifying Petchem Products, Necessary
(Wednesday, November 21, 2018) 17:43

TEHRAN (NIPNA) – Ensuring fresh investment and completion of the under-construction projects in the petrochemical industry as well as diversifying the products are key in strengthening the sector in Iran, an official said.

Speaking to NIPNA, a member of the Industry and Mine Committee of the Tehran Chamber of Commerce, said the development of the petrochemical industry had become an effective solution for economic growth and generation of jobs in the country.

Ferial Mostofi said: "While the country faces economic sanctions by the US, the petrochemical industry can generate value and contribute heavily to the country’s non-oil exports.”

"The speed of progress in the petrochemical industry should accelerate in the country to reach the point where, in addition to supplying the domestic market, the markets of the region will be accessed; this will be achieved through convergence and unification."

She said the petrochemical industry was one of the main pillars of the resilient economy in the country, adding, “The industry has been lucrative despite the country's currency problems."

The member of the Tehran Chamber of Commerce stressed the need for accelerating construction of petrochemical projects: "To achieve the predetermined goals for the development of petrochemical industry, in addition to new investments and completion of projects under construction, sale of raw materials should be avoided and the mix of exported goods shall be enriched.”

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