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Regulator, Petchem Necessity: MP

Regulator, Petchem Necessity: MP
(Saturday, October 13, 2018) 16:23

TEHRAN (NIPNA) -- A member of the Iranian parliament stressed the necessity of formation of a regulatory body in the petrochemical industry, saying a regulator could ensure healthy competitiveness, transparency in activities and their promotion in the sector.

Speaking to NIPNA, Ali Adyani, who is also a member of the energy committee of the parliament, stated that the petrochemical industry needed a regulator to further develop, adding the regulator would contribute to the health of competitions, transparency in performances, fairness and justice in services, ethics, and openness and innovation in the sector.

 Underlining the acceptable progress in the petrochemical industry in recent years, the MP said the sector had made good progress in various parts and had strengthened its infrastructures.

 He further expressed optimism that the country's petrochemical industry could take steps to develop more than ever in spite of economic problems and sanctions, adding: "Our country's petrochemical industry has high attractiveness for investment due to its abundant feedstock reserves and the existence of optimal infrastructures."

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