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Constant Investment Needed for Petchem Prosperity: MP

Constant Investment Needed for Petchem Prosperity: MP
(Saturday, September 12, 2015) 13:12

TEHRAN (NIPNA) – A member of energy committee of the Iranian parliament said constant financing of petrochemical projects is a must for the country's prosperity in the industry.

Abdollah Tamimi told NIPNA that all the impediments to the growth of the petrochemical sector must be removed so that more jobs are created in the sector and more value-added products are produced inside the country. 

He further underlined the promising prospect of foreign investments in the sector, adding that Iran's abundant oil and gas reserves, which can be used for feeding petrochemical plants, make up for a unique feature of the petrochemical sector in Iran which is highly regarded by visiting foreign companies. 

"Among other oil-related industries, the petrochemical industry can curb crude oil sale while requiring more investment for flourishing," added Tamimi. 

He further added that all the grounds must be prepared for expansion of the industry in Iran and the government plays an important role in this regard. 

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