Iran Says Petchem Sector Accounts for Nearly 8% of GDP

Iran Says Petchem Sector Accounts for Nearly 8% of GDP
(Sunday, December 28, 2025) 15:41

TEHRAN, Dec 28 (NIPNA)– Iran’s petrochemical industry accounts for about 8% of the country’s gross domestic product and should be treated as a top priority among national growth-driving projects, a senior presidential adviser said on Sunday.

Masoumeh Aghapour, adviser to the president on economic cooperation, said the sector was one of Iran’s key comparative advantages, helping to curb crude exports while generating higher value-added revenues for the economy.

Speaking at the first Petrochemical Industry Investors Conference in Tehran, Aghapour said petrochemicals were among three core “leading industries” receiving special attention from the administration of President Masoud Pezeshkian.

“The petrochemical industry not only prevents raw material exports but also creates a clear path for wealth generation,” she said, adding that its contribution to GDP underlined the need to prioritise investment in the sector.

Aghapour said investment in petrochemicals was shaped by three pillars: political security, public trust and economic stability. She acknowledged the impact of international sanctions on Iran but said the country could overcome the challenges through sustained effort and policy coordination.

She called for all available policy tools to be mobilised to support the sector, including the formation of a dedicated investment task force to allow projects to proceed without bureaucratic delays.

According to Aghapour, provincial governors have been instructed to issue permits for petrochemical investment projects in advance and without naming investors, enabling faster transfer of licences once investors step forward.

She also stressed the importance of mobilising small-scale foreign currency savings for hard-currency projects and urged petrochemical companies to make greater use of young talent and knowledge-based firms.

Closer cooperation between the petrochemical industry and the vice presidency for science and technology could help accelerate innovation and investment, she said.

Aghapour added that recent measures taken by the oil minister and the deputy minister for petrochemical affairs would lead to “positive developments” across the sector.

 


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