Official Calls for Funneling Wandering Capital to Petchem Sector

Official Calls for Funneling Wandering Capital to Petchem Sector
(Friday, August 2, 2019) 00:53

TEHRAN (NIPNA) -- A member of the Tehran Chamber of Commerce called for channeling wandering capitals in the country to the petrochemical industry as Iran’s largest relative advantage.

Speaking to NIPNA, Mohammad Reza Ansari underlined the necessity of investing fresh capital in the petrochemical industry, and added that more attention to the sector could turn Iran into a regional and global heavyweight in the industry.

He stressed the necessity of investing in the petrochemical sector as it wields one of the greatest relative advantages for the country, adding Iran is currently involved in an economic war which is more demanding than a military battle.

“All the forces need to close ranks in this war,” the official added.

Petrochemical companies must join universities and private research centers in order to improve their efficiency and effectiveness, Ansari added.

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