Petchem Industry Key in Capital Market

Petchem Industry Key in Capital Market
(Saturday, April 18, 2020) 18:20

TEHRAN (NIPNA) – A member of the Iranian parliament said that the petrochemical industry was one of the most important industries of the country, playing a key role in the capital market.

Speaking to NIPNA, Adl Hashemipour, vice president of the energy committee of the Iranian parliament, said the industry played a key role in the country’s capital market, adding Iran’s petrochemical industry must be regarded as one of the largest suppliers of various polymer and chemical products in the world.

He further stated that the industry had major shares in the capital market as well as non-oil exports of the country, adding developments in the sector directly impact the economy of the country.

“The petrochemical industry is one of the creators of jobs in the country which can feed other industrial sectors,” the MP added.

He said Iran expected a major leap in its petrochemical sector in the near future despite the sanctions and the coronavirus outbreak.

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