Iran's export policies change with petrochemical development

Dec 18, 2004 01:00 AM

Gradual development of Iran's petrochemical industry will change the country's export policies for raw materials in the form of crude oil, gas and other crude derivatives.
Hojjatollah Ghanimifard, director of international affairs department at the National Iranian Oil Company, told that based on current plans, marketing policies will parallel development of petrochemical industry and creation of more capacities in the sector.

He added that a change in export policies will redirect surplus oil and gas toward domestic production and creation of higher added value.
"The more domestic industries need raw materials for producing petrochemicals, the lower will be their export," he said. Ghanimifard said if current plans for developing various parts of petrochemical industry are realized, revenues earned through the industry will cut Iranian economy's dependence on petrodollars.

He said higher added value through petrochemical products does not mean ignoring crude oil production and exports.
"Development of oil, gas and petrochemical industries must be carried out in parallel," he said.

Source: Netiran
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