Head of Iran's Association of Petrochemical Industry Corporation (APIC) Ahmad Mahdavi Abhari says Iran’s petrochemical industry is developing and needs support in order to fulfill its role as a key economic lever.
Addressing a joint
press conference with executives of three leading petrochemical facilities in
Iran (Jam, Arya Sasol and Maroon), Abhari underlined the significance of the
petrochemical industry in materializing economic growth in the country.
“The chief focus of the Resilience Economy is betterment of
the business environment by the administration,” he said. “Therefore, the
private sector would need more state support in order to maintain the status
quo and enhance its activities.”
He said the petrochemical industry is one of the leading
sectors affecting the economy in Iran by generation value-added items.
“Today, the world relies of the industry in such a way that
one can say that the fate of the world’s economy depends on the petrochemical
industry,’ he added.
Abhari said countries like Germany, where no feedstock can
be found for feeding petrochemical facilities, as much as $76.5 billion was
generated only in its petrochemical sector in 2016.
He said such examples make is necessary for Iran to come up
with a clear vision of what it is going to do in the sector in the future.