Prioritization of Petchem Industry, a Must: MP

(Sunday, April 26, 2020) 23:09

TEHRAN (NIPNA) – A member of the Iranian parliament called for prioritization of the development of the petrochemical industries in the country's economy.

Speaking to NIPNA, Abdolkarim Hosseinzadeh, who is a member of the parliament’s civil committee, said given the vast oil and gas reserves in Iran, the petrochemical industry’s development must be prioritized.

He said that the most important priority of strategic policies for the development of the country's petrochemical industry is to increase the production capacity of petrochemicals, and said: “Realization of the sector’s strategies and expansion of downstream industries must be prioritized. We need to move towards localization of the industries and manufacturing of equipment.”

The MP noted to the high production capacity of various petrochemical products, including urea and methanol, in the country, and added: "Despite the problems and economic sanctions, the production capacity of various petrochemical products has increased in recent years, which shows the special position of this strategic industry in the country."

He stated: "Petrochemical industry is a major source of income that has the largest non-oil exports… If we want the country's economy to take a step towards development, the most appropriate way is to make the leap in the petrochemical industry as much as possible.”

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