MP says Budget Bill Reliant on Petchem Revenue

MP says Budget Bill Reliant on Petchem Revenue
(Monday, December 21, 2020) 02:00

TEHRAN (NIPNA) -- A member of the parliament's planning and budget committee said: "One of the resources mentioned in the 1400 budget bill is the oil, gas and petrochemical revenues, and I hope we can use the petrochemical sector to create more value added."

Alireza Shahbazi, a representative of the people of Nahavand in the Iranian parliament, had an interview with NIPNA in which he said given the value added created by petrochemical plants, the sector could be relied on for generation of value and revenue for the country.

"Incidentally, this issue has been considered in the budget bill. One of the resources mentioned in the 1400 budget is the oil, gas and petrochemical revenues, and we hope that finally, given the sanctions we are facing in the field of energy, we can use the petrochemical industry to create value added and have a good export market so that we can increase the country's hard currency generation,” the MP said.

He added that good measures have been taken in the development of petrochemical projects and the reports confirm this, “but in any case, we believe that more aid should be provided for development of the industry."

Regarding the role of petrochemicals in the supply of raw materials and the development of downstream industries, Shahbazi said: "Measures have been taken in recent years, but we believe that more work needs to be done because it can generate more jobs."

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