Balanced Development, Petchem Industry Strategy

(Tuesday, June 2, 2020) 15:04

TEHRAN (NIPNA) -- A member of the Iranian Chamber of Commerce said: "Iran's petrochemical industry needs support as a leading industrial sector, and we must take steps towards the balanced development of this industry by tapping the existing potentialities in the country."

Hossein Salimi told NIPNA that the petrochemical industry is one of the development capacities in the country, and said: "Despite some problems, many petrochemical complexes are operating at full capacity. It is also expected that in the next five years, with the inauguration of some of the projects in the second and third petrochemical industry leap, a great change will take place in the economy and industry of the country.

He added: "Petrochemical industry is the driving force of the country's development; this industry is one of the economic advantages of the country."

“Iran has a special advantage in the region in terms of petrochemical feedstock diversity. We also produce several million tons a year in this industry, and several petrochemical projects are under construction, and we must support the process of building these projects by taking advantage of all the existing capacities of the administration and the private sector,” he went on to add.

Salimi added: "The solution to preventing sale of crude oil and gas is to develop the petrochemical industry, and on the other hand, this industry can be a reliable alternative to the sale of crude oil."

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National Petrochemical Company