Petchem Industry, Pulse of Non-Oil Exports

(Friday, January 10, 2020) 12:44

TEHRAN (NIPNA) -- A member of the Tehran Chamber of Commerce's Industry and Mining Committee said: “Iran's petrochemical industry plays an important role in non-oil exports and this sector could lead to a change in the Iranian economy if timely investments are made in it.”

Speaking to NIPNA, Hassan Ahmadian said the petrochemical industry of Iran could promise a growth in the country’s economy if approached developmentally by investors.

One of the advantages of Iran is the petrochemical industry which requires financing to become mature, he added, adding as petrochemical exports increase, export of non-oil items would increase as well, hence generating jobs and addressing many of the country’s problems.

Ahmadian said that in addition to the issue of investment, exporting petrochemical products would also require more coordination within petrochemical companies in the country.

“Petrochemical companies must close ranks in order to gain a stronger toe-hold in international markets,” he added.

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National Petrochemical Company