The abundance of gas and low price as raw material in the industry has led to cheaper petrochemical products in Iran compared to India and China, he added. “This is why a lot of petrochemical sites in developed countries are facing closure due to high raw material costs, whereas production of petrochemical products in Iran are on the increase,” Khayyat further added.
He believes that limited domestic know-how and skilled labor, inadequate facilities, contract procedures, and the huge volume of work are contributing toward delays in making petrochemical plants operational.
MR/MR
END
MNA
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