Petchem Development Accelerating Despite Sanctions: MP

(Saturday, March 16, 2019) 23:37

TEHRAN (NIPNA) -- A member of the Iranian parliament said Iran’s petrochemical development had been accelerating despite the US sanctions.

Speaking to NIPNA, the vice president of the parliament’s energy committee, Hossein Amiri Khamkani, said, “Development of the petrochemical industry over the past year has been eye-catching despite all the difficulties the country had been facing, including the sanctions.”

He noted achievements of the petrochemical industry this calendar year which ends on March 20, and said that construction of Andimeshk Petrochemical Plant and several other projects in a situation where economic pressure is the case, indicates the non-stop development and progress in the industrial sector, especially in the petrochemicals industry.

Iran launched construction of Andimeshk Petrochemical Plant last week. 

"The petrochemical industry has made some good progress despite some economic problems, and several projects have come online this year,” the MP added.

Amiri Khamkani stated: "The petrochemical industry plays an important role in the foreign currency market in Iran, as a large percentage of the country's hard currency is supplied by the industry, so we can see how far this industry is contributing to the enhancement of non-oil exports and economic growth."

The MP further underlined the need to develop downstream petrochemical industries in order to complete the value chain, and said: "Increasing Iran's share in the downstream petrochemical market is essential.”

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National Petrochemical Company