1 June 2015 - 14:00
  • News ID: 242041
NPC Chief Demands Investment in Downstream Projects

TEHRAN June 01(Shana)--Private-sector’s investment in downstream sector of petrochemical industry could help the country to distance from selling crude, managing director of the National Petrochemical Company (NPC) Abbas Sheri Moqqadam said.

NPC’s public relations quoted Sheri Moqqadam as saying petrochemical sector enjoys many advantages for investment.

He continued there are huge opportunities for investment in downstream activities of the petrochemical sector in Iran including various profitable investment opportunities along West Ethylene Pipeline.

“Development of downstream projects in the petrochemical sector is in line with Economy of Resistance targets because it creates higher value added and makes selling raw materials unnecessary”, he said.

NPC is ready to provide any kind of support to investors, Sheri Moqqadam said, adding downstream and upstream petrochemical activities are spread in many provinces across the country.

He concluded that development of complementary industries constitutes the main strategy of NPC, predicting investments in the sector will soar in the near future.
News ID 242041

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