Emphasizing that the launch of projects had not been
hamstrung in Iran because of the US bans on Iran, Shahram Rezaei said:
"With the participation of petrochemical holding companies, the benefits
and profits obtained through these holdings will be distributed among the
people and the general public for the growth and development of the
country."
The official explained the latest investment climate and
other developments in the petrochemical industry in an interview with NIPNA.
He said the Islamic Republic of Iran, due to the abundance
of God-given gifts, including huge reserves and resources of oil and gas and
being located in the largest and most important energy highway in the world,
has a lot of potential in the field of energy, especially oil, gas and
petrochemical industries.
The official went on to add that with a comprehensive and
specialized view of the country's petrochemical industry from its inception to
recent years, it can be seen that long and effective steps have been taken in
the field of investment in this industry, many of which have paid off and the
country and the people of this land are blessed.
There is a lot of willingness in investors to invest in the
petrochemical industry - despite the financial and legal risks in Iran - many
of which are due to anti-Iranian sanctions in recent years - due to the great
potential and comparative advantages of the Iranian petrochemical industry, he added.
For example, said Mr. Rezaei, some of the advantages are existing
protection laws, the existence of special zones and free zones in the country,
the existence of abundant feedstock and the possibility of its sustainable
supply, access to communication highways and international high seas, proximity
to consumer markets, the existence of necessary infrastructure, technical,
engineering and executive capabilities of Iranian manufacturers, suppliers and
contractors, the existence of very successful experiences in the field of
equipment, installation and commissioning in various sectors of industry and
the existence of local and specialized labor force.