TEHRAN April 19(Shana)--The head of National Petrochemical Company (NPC) has said that Iran’s petrochemical sector is waiting for the easing of international sanctions.

“After the lifting of the sanctions, the NPC would be ready to experience a fresh jump in the petrochemical sector with the cooperation of the private sector,” Abbas Shari-Moqaddam said.

He said that a final nuclear deal between Iran and six world powers would help foreign investment to flow into the country to finance petrochemical projects.
Shari-Moqaddam stressed the point that the petrochemical industry needs technology and foreign finance.
He said Iranian investors cannot provide enough finance for petrochemical projects.


Shari-Moqaddam said a lifting of banking restrictions on Iran would help the petrochemical sector experience a fresh “stunning jump.”

By SHANA