Absorbing foreign investors, main concern of Iran petchem industry
Managing Director of National Petrochemical Industries Company Abbas Sheri Moghaddam said absorbing direct foreign investment was presently a top priority for his organization.
he said direct foreign investment is safer for the country given the fact the countries which embark on making investments in other parts of the world are more precise in their operations, IRNA reported on Tuesday.
He said that, as the second step, Iranian petrochemical industries are going to enter joint ventures with foreign partners.
The official further referred to financing as the third method to absorb the needed financial resources.
He said his organization also considers formation of a exchange fund for development of the Iranian petchem industry.
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