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Iran Parliament Prioritizes Petchem Sector Support

Iran Parliament Prioritizes Petchem Sector Support
(Sunday, February 9, 2025) 16:15

TEHRAN (NIPNA) – The spokesperson for Iran’s Parliament Industry and Mines Commission has reaffirmed the legislative body’s commitment to addressing challenges in the petrochemical sector and supporting its growth as a strategic industry.

Zahra Saeedi Mobarakeh, speaking to NIPNA, emphasized Parliament’s backing for the balanced development of the petrochemical industry. "Job creation and reducing unemployment are pressing challenges for society. Therefore, we must prioritize employment opportunities within the petrochemical sector and focus on completing the value chain," she stated.

Saeedi pointed out that, under the Seventh Development Plan, the capacity of Iran’s petrochemical sector is mandated to grow by 35%. “The Industry Commission is determined to support petrochemical industries by addressing weaknesses, thereby enabling substantial job creation in the country. To achieve this goal, an appropriate dialogue must first be established,” she added.

Highlighting issues like the natural gas imbalance, Saeedi stressed the importance of resolving such challenges to ensure that the petrochemical sector continues to drive production. "Sustainable employment requires halting raw material exports and revitalizing downstream industries," she noted.

Saeedi also emphasized that by focusing on the production of downstream petrochemical products and minimizing raw material exports, Iran can effectively neutralize sanctions. Achieving this, she said, requires stronger resolve and greater effort.

"The recent progress and achievements in the value-creating petrochemical sector underscore its potential to play a pivotal role in developing non-oil exports," Saeedi concluded.

The petrochemical sector has increasingly become a cornerstone of Iran’s economic diversification strategy, contributing to job creation and reducing reliance on crude oil exports.

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