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Economic Prosperity Achievable by Strengthening Petchem Industries

Economic Prosperity Achievable by Strengthening Petchem Industries
(Saturday, April 11, 2020) 19:31

TEHRAN (NIPNA) -- The head of the Planning and Budget Committee of the Iranian Parliament said: "One of the ways to prevent economic vulnerability is to increase the export of petrochemical products and strengthen this industry."

Gholamreza Tajgardoon told NIPNA that the opportunity to take over global markets should be used for the country, adding support for the downstream industries is also one of the advantages of the sanctions is more attention to the balanced development of the petrochemical industry and completion of the value chain domestically.

Noting that converting crude oil into value-added items has become a more lucrative business than ever, adding, "Although sanctions have created challenges, the United States cannot impose sanctions on oil derivatives such as petrochemicals, so we must seize this opportunity."

Tajgardoon stressed that Iran can take over the global market on a large scale with a variety of petrochemical products and a slight increase in production and supply of these items.

Gachsaran's representative in the parliament continued: "The items produced by the petrochemical industry are the raw materials for many sectors of the Iranian economy, and in this regard, it is very important and is always considered by the country's policymakers."

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