Supporting Petchem Sector Key in Enhancing Non-Oil Exports: Official

(Tuesday, February 4, 2020) 18:39

TEHRAN (NIPNA) -- The Chairman of the Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM) said supporting the petrochemical industry would lead to a growth in production and export of non-oil items.

Speaking to NIPNA, Majid Mohammadpour said efforts needed to be made to generate revenues from non-oil sales rather than selling crude oil and gas, adding replacing oil exports with non-oil could enhance generation of hard currencies in the country and the petrochemical industry could be key in this regard.

He said the imposition of sanctions highlighted the need for distancing the country from crude oil sales and strengthening non-oil exports, noting that domestic petrochemical plants had been successful in export of various items in recent years.

“The way to save the country’s economy is to support the private sector in various fields and the participation of the private sector would pave the country’s path to development,” Mohammadpour added.

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National Petrochemical Company