Tehran, Aug 8, IRNA -- Deputy Managing Director of National Iranian Petrochemical Company (NIPC) announced that the giants of petrochemical industry will come to Iran in the near future.

'Renowned international companies are looking to take part in the development projects of Iran's petrochemical industry,' Mohammad Hassan Peyvandi said on Friday.

He noted that Bassef, Lind, Axons, Hyundai, Shell and some other important firms are seeking to Participate in Iran's petrochemical industry.

Peyvandi pointed to the western sanctions imposed against Iran over past years, and said, 'Despite the presence of sanctions, the activities of petrochemical industry did not come to a halt and we managed to make achievements in this field.

He referred to Iran's huge gas reserves, and said, 'Proximity and access to petrochemical units is one of the advantages of this industry in Iran.'

By IRNA