Reza Sepahvand told NIPNA on Sunday that the petrochemical industry,
ranked just behind oil in economic importance, plays a pivotal role in Iran’s
economy. “Balanced development of the petrochemical sector has a significant
impact on the economy, and the parliament is ready to provide full support,” he
said.
Sepahvand highlighted that national policy documents, including the
general policies of a resistance-based economy, emphasize the expansion of
petrochemical exports as a strategy to reduce the economy’s vulnerability to
fluctuations in oil and gas revenues.
“Few industries today operate independently of petrochemical products
and their downstream chains,” he said. “Given the sector’s extensive
interconnections, it holds substantial potential for value creation. Iran’s
geographic position relative to other gas-rich countries offers opportunities
to further develop complementary petrochemical industries.”
The lawmaker also underscored the strategic importance of
petrochemical products as major non-oil exports, describing them as a strength
in the country’s energy sector.
Sepahvand concluded by stressing that ongoing legislative and
governmental support, along with the resolution of challenges in current
projects, would accelerate the growth of the industry and yield tangible
results in the near future.