Iranian Lawmaker: Parliament to Ease Petchem Investment Process

Iranian Lawmaker: Parliament to Ease Petchem Investment Process
(Monday, August 4, 2025) 15:58

TEHRAN (NIPNA) — An Iranian lawmaker said that the Parliament is committed to facilitating domestic and foreign investment in the country’s petrochemical sector, as part of broader legislative efforts to support the growth of Iran's oil and gas industries.


Seyed Mousa Mousavi, a member of the Parliament’s Energy Committee, told NIPNA that the legislative body is actively working to approve laws and regulations aimed at simplifying the investment process in the petrochemical industry.

“The Parliament is determined to pass legislation that will ease investment procedures in the oil and petrochemical sectors,” Mousavi said, adding that several supportive laws have already been ratified, particularly during the 11th parliamentary term.

Highlighting the strategic importance of the petrochemical industry, Mousavi said that attracting investment in the sector is a shared priority across parliamentary committees, including Energy, Industries and Mines, and the Production Leap committees. These bodies, he noted, have coordinated efforts to support the government in passing investment-friendly reforms.

Mousavi also underlined the crucial role of the private sector and knowledge-based companies in boosting investment and innovation in oil, gas, and petrochemical industries.

“Numerous knowledge-based firms are already operating in these sectors, and their potential—especially in petrochemicals—must be further utilized,” he said. “Positive steps have been taken in this direction, and perceptions toward the private sector are evolving.”

He emphasized that confidence in domestic investment must translate into tangible action.

“There is no doubt that the Iranian private sector possesses significant capabilities. The managers and officials in the petrochemical industry must place greater trust in these actors,” Mousavi said, pledging that the Parliament and the Energy Committee will continue to lead efforts in supporting this approach.

 


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