Addressing a panel on the second day of the 4th Iranian Petroleum and Energy Club Congress & Exhibition in Tehran on Wednesday, Reza Norouzzadeh said, “Holdings must be homogeneous. Undoubtedly, integration of petrochemical holdings is in the interests of the community, the development of the country and, in general, their own benefit. Integration of holdings leads to the creation of a real private sector in the sector.”

The official, who is also deputy petroleum minister for petrochemical affairs, said that petrochemical plans, in some cases, bridge the relationship between the government and the private sector, adding: “Petrochemical companies regularly supply the country with revenues.”