Despite sanctions, economic challenges and damage
sustained during the recent conflict, the sector has continued to expand and
can play a larger role in driving Iran’s industrial and economic development,
Zare said in an interview with NIPNA.
“Petrochemicals are at the forefront of efforts
to prevent the export of raw materials and are one of the main pillars
supporting domestic production,” Zare said, adding that the industry is
currently on a path of growth and development following years of investment and
expansion.
The sector has maintained its progress despite
economic pressures and damage caused during the conflict, making it an
important contributor to Iran’s broader economic development, he said.
Iran’s petrochemical industry has also generated
significant revenues for the country despite some of the most stringent
sanctions imposed in recent years, Zare said. He expressed hope that the trend
would continue.
Financing and the removal of obstacles to
rebuilding petrochemical facilities damaged during the conflict will receive
particular attention, Zare said, without providing details on the scale or
timing of the required investment.
Iran has increasingly relied on its petrochemical
sector as a source of industrial value creation and export earnings, while
seeking to expand domestic processing and reduce its dependence on the export
of crude and other raw materials.