Speaking to NIPNA, Peyman Sanandaji stated that developing the
downstream petrochemical sector under favorable conditions could curb crude
sales, boost non-oil exports, generate foreign exchange earnings, and
contribute to poverty alleviation. He added that this sector has the potential
to become a key driver of employment and added value in the country.
Sanandaji underscored the strategic importance of investment in the
oil and petrochemical industries, calling it a fundamental pillar of Iran’s
economic infrastructure. "Such investments will undoubtedly yield
substantial value-added benefits," he noted.
He pointed to Iran’s vast oil and gas reserves, stressing the need to
convert these untapped resources into economic gains through targeted
investments, particularly by channeling idle financial assets into the
petrochemical sector. As one of Iran’s cornerstone industries, petrochemicals
play a significant role in foreign currency generation, he added.
Sanandaji also praised the Ministry of Petroleum’s initiatives in
advancing the petrochemical sector, stating that such efforts positively impact
other industries and contribute to broader national development.
Finally, he asserted that investing in petrochemicals would not only
bolster non-oil exports but also help mitigate the effects of international
sanctions.