Petchem Makes 35% of Iran Export Revenues
TEHRAN, Jan. 25 — Deputy Petroleum Minister for Petrochemical Affairs Marzieh Shahdaei says petrochemical exports account for 31% of Iran’s non-oil exports and 35% of the country’s revenues out of industrial products’ export.
Speaking at a conference in Tehran on Monday, the official called for formation of cooperatives for selling the items produces by the several petrochemical holdings across the country to international markets.
“Formation of joint commercial enterprises for petrochemical holding companies is crucial for attraction of foreign investments in the sector,” said the official.
The managing director of National Petrochemical Company (NPC) underlined the significance of the petrochemical sector for Iran’s economy, adding abundance resources and high production and export potential are the key levers to development of the industry in the country.
Source : Shana
About National Petrochemical Company:
The National Petrochemical Company (NPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country’s petrochemical sector. Founded in 1964, NPC began its activities by operating a small fertilizer plant. Today, NPC is the second largest producer and exporter of petrochemicals in the Middle East .Over these years, it has not only expanded the range and volume of its products, but it has also taken steps in areas such as Research and Technology to achieve more self-sufficiency.
