Petchem Industry Reliable Support for Iran Economy: Official

Petchem Industry Reliable Support for Iran Economy: Official
(Sunday, December 22, 2019) 16:28

TEHRAN (NIPNA) – A member of the Tehran Chamber of Commerce said that the petrochemical industry is a reliable support for Iran’s economy.

Speaking to NIPNA, Ali Naghib, who is a member of the chamber’s Industry and Mining Committee, stressed that petrochemical development leads to increased non-oil exports, adding the petrochemical industry is a reliable support for the Iranian economy, given its favorable revenues and acceptable exports.

"The petrochemical industry is an integral part of the oil industry and a piece to this huge chain, so the development process and plans cannot be independent of other sectors of the industry," said the official.

He added: "There are many opportunities to invest in Iran's petroleum, gas and petrochemical industries, among which investing in the petrochemical sector is of particular importance due to the prevention of crude oil and gas sales and production of end user items."

Naqib emphasized that the implementation of petrochemical projects amid the US sanctions and economic problems is a sign that the petrochemical industry is on the path to development.

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