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Official Lauds Role of Petchem Industry in Non-Oil Exports

Official Lauds Role of Petchem Industry in Non-Oil Exports
(Tuesday, November 15, 2022) 15:08

TEHRAN (NIPNA) -- The Secretary General of the Petrochemical Industry Employers Association said the petrochemical industry plays a vital role in the export of non-oil items in Iran, adding the sector accounted for 39.6% of Iran’s non-oil exports in the first half of the current calendar year, which began on March 21.

Ahmed Mahdavi Abhari told reporters on Tuesday that $9.605 billion out of $24.251 bn of non-oil exports belong to the country's petrochemical industry during the period.

He said the petrochemical industry is the most advantageous industry of the country, which should be given special attention for sustainable economic development.

“It was this industry that supported the country’s economy after imposition of the primary sanctions in the 2010s and then after Trump's withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in 2018 and the intensification of the economic war against Iran.”

He added: "Iranian petrochemical companies have no problem in exporting petrochemical products and sometimes they even pre-sell exported items."

The Secretary General of the Petrochemical Industry Employers Association stated that today the world is moving towards the use of new technologies and the transformation of petrochemical products into value added, and continued: “Petrochemical products have a special place in people's daily lives and are increasing every day, so an economic perspective is necessary.” 

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