Iran Petchem Investment Secure and Profitable
Iran's 6th Five-Year Economic Development Plan requires the country's petrochemical sector to attract upwards of $40 billion in investment to realize its objectives and projects. The macro-policies defined for Iran's petrochemical development plans envisage taking benefit from all existing potentialities. Access to low-cost feedstock, specialized and experienced workforce, effective and significant infrastructure, and access to high seas are among outstanding features of Iran's petrochemical industry that facilitate strong presence in international markets through reducing cost price of products.
The capital return, security and transparent financial regulations are among other advantages of investment in Iran's petrochemical sector. These potentialities are of high significance for proprietors of smart knowhow and technology and provident investors.
The expression of willingness by major petrochemical actors, including Germany's BASF, Royal Dutch Shell and France's Total, for future cooperation and partnership with Iran's petrochemical industry indicates the bright future of this sector in Iran.
Iranian petrochemical industry managers have set upgrading the standing of Iran's petrochemical sector at regional and international levels as the top priority of strategic policies in this arena. To that end, they recommend maximum use of domestic privileges and potentialities along with attracting foreign investment and applying state-of-the-art technologies.
Over recent years, despite illogical US sanctions, Iran's petrochemical industry has started up development projects to meet growing domestic demand and export petrochemicals and polymer products at significant levels.
From April to September this year, more than 31 million tonnes of petrochemicals were produced in Iran, nearly 10 million tonnes of which was used by downstream industries in the country. The remainder was sold on international markets.
According to assessments by international bodies, Iran is the only Asian country with all advantages of petrochemical development, including low-cost feedstock and lucrative markets. Every single advantage on its own can motivate investors and proprietors of technology to consider investment in Iran.
As it has been made clear time and again by the Petroleum Ministry and petrochemical industry policymakers, Iran has imposed no restrictions on negotiations with international companies and reliable investors, and it welcomes cooperation and partnership with prospective investors in this secure and profitable market.