MP Stresses Role of Petchem Industry in Economy

(Saturday, August 17, 2019) 15:21

TEHRAN (NIPNA) – A member of the economic committee of the Iranian parliament said that Iran’s economy could experience significant growth by developing the petrochemical industry and boosting production of polymer and petrochemical products.

Speaking to NIPNA, Mohammad Hassan Nejad underlined the petrochemical industry as a productive sector and a top priority of the country in the field of economy, saying, “Petrochemical industry has definitely a valuable and influential position in the Iranian economy and should always be supported.”

The MP pointed out that in upstream policies of the country, including general policies of the economy of resilience, one way to wean the economy off oil and gas revenues is to increase exports of petrochemical products.

“The industry provides the raw material for many sectors of the economy which is very important.”

He underlined the importance of building and completing petrochemical projects in the Iranian economy, adding: “Increasing production and exports will bring prosperity to other industries in the country as well.”

Many industries depend on the petrochemical industry given that Iran's petrochemical industry is highly developed, the MP said, adding that the country’s geographical position relative to other countries with gas reserves is such that it can be used to develop complementary petrochemical industries.


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