Iran Private Sector Ready to Play Role in Petchem Industry: Official

(Monday, January 27, 2020) 16:30

TEHRAN (NIPNA) -- Vice President of the Tehran Chamber of Commerce’s Energy Commission said: “Iranian powerful companies are ready to play a role in the development of the country’s petrochemical industry along with other sectors.”

Speaking to NIPNA, Behzad Mohaghegh said that the petrochemical industry was a pioneer in the country's industrial development, adding the synergy of the administration, parliament and the private sector is key to increasing production capacity, export growth and completion of projects under construction in the petrochemical industry.

He pointed to the issue of localization of petrochemical equipment manufacturing, and added: "In the field of petrochemicals, the capacity of domestic construction is higher than the average in the petroleum industry and the factor of domestic manufacturing in petrochemical projects is more than 80%.”

He further stressed the readiness of private sector companies to join petrochemical projects of the country, adding Iranian firms could supply energy-related equipment in a class unparalleled in the Middle East.

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National Petrochemical Company