Parliament Petchem Caucus Chair Calls Industry ‘Driver of Development’

Parliament Petchem Caucus Chair Calls Industry ‘Driver of Development’
(Saturday, September 20, 2025) 14:49

TEHRAN (NIPNA) – The head of Iran’s parliamentary caucus overseeing the oil, gas and petrochemical sector said on Saturday that the petrochemical industry is the country’s “main driver of development” and stressed the need for regulatory reforms to strengthen its role in the economy, state media reported.


Zeinab Gheisari, chair of the parliamentary faction, said approval of a statute for the National Petrochemical Company and the creation of a regulatory body are among the chamber’s key priorities.

“The petrochemical sector is the country’s most valuable source of foreign currency. Its challenges must be addressed if we are to meet the goals set out in the Seventh Development Plan,” Gheisari was quoted as saying.

She added that the caucus was established both to support and to monitor the industry, identifying legal gaps that may hinder growth. Gheisari also underlined the importance of updating the statute of the National Petrochemical Company so it can operate as a development-oriented organization.

“The situation of petrochemicals today is very different from previous years. The industry is on a development path, and while we legislate, we must also ensure oversight,” she said, noting that petrochemical plants are among the country’s largest consumers of natural gas.

 


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