Iran Parliament Backs Measures to Facilitate Petchem Investment

Iran Parliament Backs Measures to Facilitate Petchem Investment
(Saturday, July 26, 2025) 16:10

TEHRAN (NIPNA) – The Iranian Parliament is committed to supporting measures aimed at facilitating investment in the country’s petrochemical industry, a senior lawmaker said, citing the sector's vital role in driving economic development.

 

Jafar Ghaderi, Deputy Chairman of the Economic Committee and Head of the Special Commission on Production Support and Oversight of Article 44 Policies, said that attracting new investment is critical to accelerating the growth of the petrochemical sector, which serves as a pillar of Iran’s economy.

“Channeling financial resources into productive sectors like petrochemicals helps drive development,” Ghaderi told NIPNA. “The more we invest in downstream industries, the better we can utilize our oil and gas reserves, moving away from crude sales and toward completing the value chain.”

Ghaderi highlighted the direct and indirect job creation potential of downstream petrochemical industries and their strong linkages with other economic sectors. He called the industry both profitable and long-standing, with over six decades of history in Iran, and stressed the need for a more strategic focus on its expansion.

He also pointed to national policy documents, including the guidelines of the Resistance Economy, which identify petrochemical exports as a key tool to reduce the economy’s vulnerability to oil and gas revenues.

“The petrochemical sector must leverage domestic capabilities to enhance production,” he said, adding that Iran offers numerous investment opportunities across its oil, gas, and petrochemical sectors. Among them, petrochemical projects stand out for their potential to curb raw material exports and maximize added value.

Ghaderi concluded that mobilizing financial resources toward production will not only enable a leap forward in the petrochemical industry but also create new jobs. He urged continued efforts to remove financial barriers and streamline the investment process.

 


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