Iran

TEHRAN- The acting head of Investment Management Department at the National Petrochemical Company (NPC) announced that attracting new financial investments in the brand-new Iranian calendar year (began on March 21), focused on increasing production and completing the worth chain, is a key strategy.The National Petrochemical Company is ready to provide all essential cooperation and support in this regard, Hamidreza Ajami emphasized on Saturday.He stated that the companys investment management group is totally committed to bring in new investments in the petrochemical sector to accomplish this valuable goal.He highlighted that approximately 19 percent of the total value-added in the industry and 26 percent of non-oil exports belong to the petrochemical industry.He also kept in mind that regardless of sanctions, half of the nations foreign currency needs are met through earnings created by petrochemical exports.As a modern and sophisticated international industry, the petrochemical sector acts as a distinct platform for innovation, entrepreneurship, knowledge-based activities, and worth chain advancement, Ajami even more highlighted.It significantly enhances the nations economic security, embodying the concepts of resistant economy and passive defense within the financial domain, he noted.MA





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