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Petchem Companies at Forefront of Economic War

Petchem Companies at Forefront of Economic War
(Saturday, November 16, 2019) 10:37

TEHRAN (NIPNA) – The General Secretary of Iran's Association of Petrochemical Industry Corporation (APIC) said petrochemical companies played a key role in the economic war the country was involved in.

Addressing a gathering of senior petrochemical executives, Ahmad Mahdavi Abhari said: “Petrochemical companies, by unity and integrity and the support of the National Petrochemical Company (NPC), are playing a major role in the country’s economy and industry.”

The APIC official said the industry was at the forefront of the economic war against Iran, saying petrochemical plants generate value in the sector and deposited 70% of their export revenues in the Forex Management Integrated System, locally known as NIMA, last calendar year which ended on March 20.

“Petrochemical executives are the officers of the economic war and as figures indicate, petrochemical companies have fully fulfilled their hard currency commitments,” he said.

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