Post-sanctions Iran ready to attract petchem investments

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Iran’s petrochemical industry is ready to attract new domestic and foreign investments in a bid to boost completion of its development projects, said a board member of the National Petrochemical Company (NPC).

“The current setting in Iran’s petrochemical industry has created a promising prospect for investment which is a precious capital for the country,” Abdolhossein Bayat told Shana.
“The petrochemical industry is the locomotive of the country’s development,” he added, “With the arrival of new capital and the increase in financial resources, the developing industry will undergo a huge transformation.”
“It is the time that NPC forecasts the prospects and clarifies its strategies,” said the board member.
He also urged the company to build on its past experience and tap all the available capacities to achieve the long-term targets.
“It is not necessary that government involves itself in the investment projects. Rather, it can regulate and implement the policies in order to support the investors,” Bayat said.

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