Abbas Shari Moghaddam told NIPNA about the necessity of completing the
value chain in the petrochemical industry with the aim of reducing crude oil
sale, stating a more active presence of the private sector in the downstream
industries with the aim of developing the petrochemical industry should be facilitated,
and modifying some regulations in the business environment could be instrumental
and helpful in this regard.
The former CEO of the National Petrochemical Company (NPC) said: “We
need a national determination for realization of the second leap in the
He added: "Undoubtedly, completing the value chain in the
petrochemical industry can transform the Iranian economy and to achieve this
goal, investors need a transparent space for investment.
The former official stressed the need for facilitation of investment
laws and guidelines to encourage domestic and foreign investors, and said:
"Strategies to boost investment in the petrochemical industry need to be
strengthened because it is an employment-based industry and one of the
strategic axes of the economy of resilience."