Petchem Self-Sufficiency, Definitive NPC Policy

Petchem Self-Sufficiency, Definitive NPC Policy
(Saturday, January 7, 2023) 17:10

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company (NPC) called self-sufficiency in the petrochemical industry as the definitive policy of the company, and said: “An integrated planning has been done to bring the missing links of the petrochemical value chain products inside with the cooperation of various sectors.”

Morteza Shahmirzaei, pointing out that today human life is 100% dependent on the products of the petrochemical industry, said: “For example, this industry is in the fields of medicine, pharmaceuticals, transportation, textile, and audio industries.”

He called the petrochemical industry a driving, determining, value-creating and economy-creating industry, and stated: “This industry has provided a very important opportunity for the country. After the revolution, domestic experts controlled this industry with Iranian genius and talent and did not allow the wheel of this industry to stop moving.”

The deputy minister of petroleum emphasized the necessity of diversification and completion of the value chain, and said: “Currently, more than 550 grades of valuable petrochemicals are produced in the country. The export of products that are surplus to the country's consumption last year earned about $15 billion, of which $12.5 billion were deposited on the NIMA system.”

The NPC CEO continued: “This year we have had a good hard currency generation until now, so that since the beginning of this [calendar] year, the petrochemical industry has injected more than $10.5 billion of hard currency into the NIMA system.” 

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