TEHRAN, Dec. 13 (Shana) – Vice President of National Petrochemical Company (NPC) said the state funds are a necessity of development petrochemical infrastructures in Iran.

Addressing the opening ceremony of the 12th Iran Petrochemical Forum, IPF 2015, here in Tehran on Sunday, Mohammad Hassan Peyvandi said Iran's petrochemical industry enjoys very favorable infrastructures for development.

"The successful development of the industry is directly linked with support and endorsement of investments for creating the industry's infrastructure," he said.

"The petrochemical sector in Iran has maintained its growing trend despite the sanctions that were imposed on the country in recent years," he added.
He called on the Rouhani administration to spare no effort to fully endorse setting up of petrochemical infrastructure in Iran.

"I believe, as a servant of the industry for 35 years of my life, that the government's investment in the sectors infrastructure is a necessity for its development," he added.
Iran has 67 half-finished petrochemical projects with 20 to 90% physical progress which are planned to come on-stream based on a schedule, he added.

Some 97 foreign companies from 25 countries have participated in IPF 2015 which shows an increase of 120 percent compared to IPF 2014.
More than 15,00 representatives from domestic and foreign firms including Australia, Azerbaijan, Canada, Denmark, France, Germany, Japan, the Netherlands, Russia, and US are taking part in the event.

Participants in the IPF2015, one of the world’s most prestigious events representing the petrochemical industry, are discussing the core issues that the industry is facing with the emphasis given to Iran.

By SHANA