Zangeneh Lauds Parliament for shelving Article 53

Zangeneh, through the letter, said cancellation of the article will set the grounds for bolstering and developing the petrochemical industry of the country. 

“This move will bolster and create a bright and stable outlook for investments and development of the petrochemical industry,” the official wrote.

Article 53 of the national budget bill concerns pricing of feedstocks to petrochemical plants that puts the prices lower than what the Iranian Ministry of Petroleum has envisioned for petrochemical companies.