Completing Petchem Production Chain, Key to Circumventing Sanctions: MP

TEHRAN (Shana) -- A member of the Industries and Mines Committee of the parliament said, "In the current situation where economic sanctions have created problems for oil sales, completing the production chain in the petrochemical industry is tantamount to circumventing the embargoes."

Speaking to Shana, Allahverdi Dehghani said the petrochemical industry is the driver of the country's development, adding that during a recent visit to petrochemical hub if Khuzestan province he learned about the massive potentialities of the industry which can lead to generation of wealth for the country.

Pointing out that today Iran has massive oil and gas riches, he added: "When it comes to preventing the sale of crude, one of the ways to achieve such a goal is the development and progress of the petrochemical industry, this industry is a great source of income for the country and has the largest non-oil exports and can be the economic backbone of the country.”

A member of the Industries and Mines Committee of the Islamic Consultative Assembly stated: "Industrial petrochemicals are profitable, so the substitution of non-oil exports in order to increase the country's revenues should be considered as a principle, the MP went on to add.

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