Iran Must Expand Petchem Exports to Handle Future Market Challenges

TEHRAN ( Iran News ) – Iran must gradually shift from exporting crude oil to selling petroleum products and petrochemicals, as it invests in expanding its oil and gas production capacities to handle the future market challenges, said an expert. Speaking in an exclusive interview with Iran Daily on the occasion of OPEC’s 60 th  anniversary (September 14), Mehdi Asali, a former director for OPEC affairs at the Iranian Oil Ministry, added that increasing production of high-quality petroleum products and petrochemicals is another favorable measure which is quite possible to implement. He also commented on OPEC’s market influence and role, future challenges and formation of OPEC-plus.

Iran Must Expand Petchem Exports to Handle Future Market Challenges

TEHRAN ( Iran News ) – Iran must gradually shift from exporting crude oil to selling petroleum products and petrochemicals, as it invests in expanding its oil and gas production capacities to handle the future market challenges, said an expert. Speaking in an exclusive interview with Iran Daily on the occasion of OPEC’s 60 th  anniversary (September 14), Mehdi Asali, a former director for OPEC affairs at the Iranian Oil Ministry, added that increasing production of high-quality petroleum products and petrochemicals is another favorable measure which is quite possible to implement. He also commented on OPEC’s market influence and role, future challenges and formation of OPEC-plus.