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FinancialNews


  • 07-02-21

    Iran highlights importance of petrochemical industry for economy

    (MENAFN)First Vice-President Es’haq Jahangiri highlighted the importance of the petrochemical industry for the Iranian economy, saying that it is one of the country’s major driving forces.

    “Every country relies on its major industries for development; such industries can play the role of locomotives that carry hundreds of wagons with them. Iran's petrochemical industry has such a position,” declaring Jahangiri during the inauguration ceremony of a petrochemical complex in Kermanshah province.

    “The petrochemical industry in the country has reached a desirable point so that petrochemical production is going to reach 100 million tons in the Iranian year 1400 (begins on March 21), the value of which is more than USD25 billion,” he further stated, adding that extensive measures have been taken for this industry.

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