MP: Petchem Industry, Pillar of Domestic Production Support

MP: Petchem Industry, Pillar of Domestic Production Support
(Monday, April 7, 2025) 13:34

TEHRAN (NIPNA) – A member of the Islamic Consultative Assembly's Energy Commission has emphasized the crucial role of the petrochemical industry in supporting domestic production, calling it one of the main pillars for national economic resilience and foreign currency generation.

Mohammad Tala Mazloumi, in an interview with NIPNA, stated that Iran must move beyond raw material exports in the petrochemical sector and aim for higher value-added positions. “We need to earn the trust of investors and direct liquidity towards the development of the petrochemical industry,” he noted. He added that despite challenges, the industry has entered a trajectory of growth relying on domestic capabilities.

Referring to sanctions against Iran's oil industry and the Petroleum Minister, Mazloumi argued that such sanctions only confirm the effectiveness of Iran’s energy sector. “Sanctions are not new. Over recent years, Iran’s oil and petrochemical industries have managed to achieve significant gains despite the harshest sanctions,” he said.

He affirmed that exports of petrochemical products continue successfully, and despite obstacles, the sector has maintained robust foreign sales.

Mazloumi also pointed to planned downstream petrochemical projects with short-term investment horizons and high added value, which not only meet domestic demand but also curb foreign currency outflow by replacing imports.

He concluded that job creation in the petrochemical sector should be a national priority, urging the government to provide special incentives and support, especially in areas with high employment potential.


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