Member of Tehran Chamber of Commerce:

Petchem Industry at Forefront of Economic War

Petchem Industry at Forefront of Economic War
(Wednesday, November 4, 2020) 16:04

TEHRAN (NIPNA) -- A member of the Energy Committee of the Tehran Chamber of Commerce said: "The petrochemical industry is at the forefront of the economic war in the current situation of the country. The role of this industry in the country's economy is very important and strategic."

Speaking to NINPA, Mohammad Hossein Didehvar, said the petrochemical industry has displayed acceptable growth in recent years, adding the third leap in the industry will come to fruition by 2025.”

Pointing out that the petrochemical industry is at the forefront of the economic war today, he added: "Undoubtedly, the numerous exploitations in this industry will lead to balanced development and completion of the value chain in line with job creation in the country."

Didehvar added: "The development of the petrochemical industry can account for a major share of the country's GDP and also increase the market share of the country's petrochemical industry in global markets."

A member of the Tehran Chamber Energy Committee stated: "There is a lot of capacity to meet the needs of the petrochemical industry, and this capacity should be used properly. Today, the petrochemical industry, due to its position, has played an effective role in currency exchange and increasing non-oil exports. This industry is serving the country's economy with all its might.”

"One way to prevent crude sales in the oil and gas industry is to develop petrochemical projects, which shows that the petrochemical industry is converting energy into value added," he said.

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