MP:

Production Petchem Projects in line with Resilient Economy Goals

(Sunday, October 4, 2020) 16:46

TEHRAN (NIPNA) – A member of the Iranian parliament said, "It is necessary to move towards completing the downstream chain of the petrochemical industry, and I consider the plans for a leap in production in this industry to be in line with the implementation of the economy of resilience."

Hossein Hosseinzadeh stressed the need for petrochemicals to prosper, saying: "Since petrochemicals have a higher value-added ratio and employment is much higher than the sale of crude oil, more efforts should be made to convert oil into various products to create value added for the country."

He added: "Undoubtedly, the development of refining and petrochemical industries and the formation of value chains in the downstream sector of these industries will create jobs by creating economic incentives and injecting stray liquidity into these industries.”

A member of the Energy Committee of the Islamic Consultative Assembly stated: "Since the field of petrochemicals is very large, many raw materials can be converted into various products, and by converting them into different products that have good quality, our non-oil exports will increase."

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