NIPNA, Reza Pakdaman, a member of the Trade Research Center of the Minister of
Industry, Mine and Trade, said one of the solutions to address the troubles Iran’s
petrochemical industry is faced with is to define a strategic plan for
development of the sector.
Middle Eastern countries, the petrochemicals industry is a major sector with massive
advantages and our country enjoys the same advantages as well,” he said.
timely and strategic planning is needed to determine the fate of the industry in
there are regional countries that have vastly invested in the sector in recent
years and continue to do so, which is an indication of the fact that the petrochemical
markets are massive and required a lot of attention.
said that Iran’s petrochemical industry has witnessed a 22-fold growth since
the 1979 Islamic Revolution and is currently operating at 65.8 million tons per
year of production capacity.