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MP Calls for Financing Downstream Petchem Projects

MP Calls for Financing Downstream Petchem Projects
(Friday, November 20, 2015) 13:04

TEHRAN (NIPNA) – A member of the industries and mines committee of the Iranian parliament called on investors to finance downstream petrochemical projects in Iran so that the sector boosts in light of the sanctions removal.

Speaking with NIPNA, Mohsen Biglari said the petrochemical sector can be considered as an economic sector which is able to ensure the country's economic prosperity in the post-sanctions era. 

"In order to create more jobs and set the country free of economic recession, boosting production of petroleum products and petrochemicals must be seriously considered," the MP said. 

He said downstream industries must be focused upon as one of the pillars of the country's development, adding that the petrochemical industry is one of the best options for reshaping the country's economy. 

"Directing resources to financing of industries that complete the value chain like the petrochemical industry, the sector will become activated and the country's oil revenue will increase," he added. 

"We must be moving in such a way that export of crude items reaches nil by the country; otherwise its resources will be wasted and human resources will be deprived of employment opportunities." 
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