Determining the feed rate based on the formula increases profitability

The secretary general of the Iranian Investment Institutions Association emphasized the role of the Ministry of Economy and the Stock Exchange Organization in changing the feed rate of petrochemicals and said: Returning to the formula will lead to economic development through large companies with the ability to compete in global markets and increase the profitability of this industry.

According to Energy Press, Rasul Saadi said regarding the government’s measures to determine the feed rate of petrochemicals based on the formula: the predictability of the economy is one of the important components in the matter of investment, because the investor is only willing to inject his capital in the production discussion. A positive perspective for the economy in the coming years. Now, the government’s recent amendment in the discussion of determining the rate based on the formula makes the economy more predictable

The Secretary General of the Iranian Investment Institutions Association added: Determining the feed rate of petrochemicals based on the formula will reduce investment incentives, economic growth and development from the path of large companies with the ability to compete in global markets and increase the profitability of this industry.

The Secretary General of the Iranian Investment Institutions Association emphasized: Based on the meeting we had with the Speaker of the Parliament and the Chairman of the Economic Commission in recent weeks, after the necessary summaries, the officials of the Parliament made significant follow-ups in the discussion of the feed rate based on the formula.

In the end, regarding the role of the Stock Exchange Organization and the Ministry of Economy to change the feed rate of petrochemicals based on the formula, Saadi stated: The Stock Exchange Organization, the Ministry of Economy, together with the members of parliament, took significant measures this year, for sure, just like determining the feed rate in the 1401 budget. If there was no follow-up by the relevant authorities in the mentioned institutions, experts and market activists, the discussion of determining the rate based on the formula would not be possible and over time we would witness the increase of petrochemical industries and the outflow of funds.