Iranian Lawmaker: Supporting Petchems Helps Reduce Crude Sales

Iranian Lawmaker: Supporting Petchems Helps Reduce Crude Sales
(Sunday, March 16, 2025) 09:37

TEHRAN (NIPNA) – Supporting Iran’s petrochemical sector is a key strategy for reducing crude oil exports, according to Mehrdad Lahouti, Deputy Chairman of the Parliament’s Budget and Planning Commission.

Speaking to NIPNA, Lahouti emphasized the need to curb crude sales and boost petrochemical industries, calling it a vital step in leveraging domestic capacities and increasing value-added production. “Maximizing petrochemical output and developing downstream industries can create significantly more jobs and revenue compared to crude oil or even refined product sales,” he stated.

Lahouti underscored the importance of strengthening downstream industries to attract investment in the petrochemical sector. “By expanding refining and petrochemical production, we can mitigate the impact of sanctions and move towards self-sufficiency,” he added.

He concluded that achieving this goal requires stronger commitment and strategic planning to complete the petrochemical value chain, ensuring long-term economic stability for the country.

 


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