Speaking to NIPNA, Mehdi Fanaei underlined the role that the
petrochemical industry can play in Iran’s economy in days it is harshly
targeted by draconian US sanctions, adding that the industry is one of the key
factors in realizing an economy not reliant on oil revenues.
"Today, the petrochemical industry has been able to
help Iran's economy," he said. “An economy that, according to observers
and experts, faces various problems, but by relying on domestic strength and
savvy, is still on the path to development, and the role of the petrochemical
industry in this process is commendable.”
He added: "Fortunately, petrochemical companies greatly
contribute to providing part of the country's hard currency generation in the
face of severe pressure and bans, which impact the country's trade turnover,
and without a doubt, Iran's non-oil exports can grow significantly with the inauguration
of new development plans.”
The official further said: "The petrochemical industry is
the country's premium industry in terms of hard currency generation, exports
and job creation and provides feedstock for thousands of downstream industries
that are of special importance. If the value chain is completed and
complementary industries are developed, raw material sales can be
reduced."