TEHRAN Jan 20(Shana)--Falling oil prices provides enough incentives for riding out selling crude oil and moving toward reinforcing oil related industries such as gas and petrochemical industries.Managing director of Behshahrs Group of Industries Investment Company Mohammad Ali Ahmadzad Asl made the remarks, adding falling oil prices will be followed by falling the general level of prices in world economy and subsequently falling the price of finished industrial goods.
According to Ahmadzad Asl lower oil prices, likewise, prepare the ground for energy intensive industries to lower the price of their products.
He noted that lower oil prices will foster economic growth so it is not a threat for Iran but an opportunity to improve its economy.
It is expected the government will take necessary initiatives to help oil-related industries like petrochemicals and gas to grow increasingly because the country enjoys competitive advantage in these sectors, he told Shana.
He said: "I think the government should tap National Development Funds (NDF) resources to complete development projects as well.
By SHANA
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