MP urges Iran’s President to disregard Minister’s petrochemical product proposal

Baku, Azerbaijan, Nov. 3

By Khalid Kazimov - Trend:

An Iranian Member of Parliament (MP) has urged President Hassan Rouhani to abandon efforts being made to stop offering petrochemical products at the Tehran Stock Exchange.

"The efforts made to stop offering petrochemical products at the stock exchange should be abandoned," Ahmad Tavakoli, a member of the Iranian Parliament's Planning and Budget Commission, said in a letter addressed to President Rouhani on Tuesday, the Mehr news agency reported.

Earlier on Monday, the Fars news agency had reported that Iran's Industry, Mining and Trade Minister, Mohammad Reza Nematzadeh, has urged the country's high-ranking officials, including the Supreme Leader Ayatollah Ali Khamenei's office, to stop selling petrochemical products at the stock exchange and that his earlier efforts aimed at doing the same had failed.

According to his letter, Nematzadeh said he had figured that offering petrochemical products at the stock exchange is pointless and that the producers of the petrochemical products are not interested in supplying their products to the stock market.

Gholamreza Tajgardoun, the head of the Planning and Budget Commission of the Iranian Parliament, told the Sharq newspaper on Oct. 20 that 90 percent of the stock owned by petrochemical companies belonged to the government.