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Iran Can Become Petchem Hub

Source: www.gulfoilandgas.com 8/28/2018, Location: Asia

A businessman involved in the petrochemical industry says Iran enjoys the required advantages to become a petrochemical hub in the region.

A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM), Ala Mir Mohammad Sadeghi, said Iran can become a petrochemical hub in the region by tapping its massive potentialities in the sector.

Speaking to NIPNA, the businessman underlined the necessity of supporting the petrochemical industry, saying the capacity and attractiveness of investment in Iran's petrochemical industry is abundant and many countries are interested in stepping in the field; "hence we have to be able to provide new financing mechanisms with a variety of methods to develop this leading industry."

He said the petrochemical industry, by supplying various end-user items, can be influential in the country's economy, adding, "Not only inside, but outside of the borders of this land, the industry has a lot to say, in a way that it would be fair to say that Iran is posed to be regarded as a major hub of the petrochemical industry in the future."

"The private sector is ready to cooperate and engage with petrochemical industrialists of our country on the path to development of this industry," Sadeghi went on to add.

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