Speaking at the 33rd Summit of Petrochemical CEOs, Morteza Shahmirzai
expressed the critical and impactful nature of petrochemicals in the
development of the nation's economy, as well as its security and prestige.
Shahmirzai, addressing the significance and position of the
petrochemical industry in the country's economy, stated that the suspension of
production in a petrochemical unit for a short period of time could lead to the
halt of various industries, illustrating the pivotal role of the petrochemical
The CEO of the National Petrochemical Industries Company continued,
highlighting the increasing importance and sensitivity of the petrochemical
industry among other sectors. He emphasized the crucial and effective role of
petrochemicals in bolstering the country's economy, security, and power.
Furthermore, Shahmirzai regarded the management of major issues as a
serious matter and emphasized the need for a planned approach to minimize the
flaring of gases, except in cases where process conditions prevent such
Referring to the petrochemical industry as the frontrunner in
implementing LNG projects, the Deputy Minister of Petroleum stated that
although the establishment of LNG projects had long been part of the agenda,
their implementation had been slow. However, today, petrochemical companies can
play a more vibrant role in their swift execution by ensuring financial
resources and proper management.
Shahmirzai highlighted the successful implementation of the flared gas
collection project in the Karun region by the Persian Gulf Bidboland Gas
Refinery, stating that it demonstrated the petrochemical industry's commitment
to preventing resource wastage, reducing pollution, and preserving the
environment for future generations.
Regarding the role of petrochemicals in generating foreign exchange
for the country, particularly their impact during currency fluctuations,
Shahmirzai stressed the need for increased collaboration among petrochemical
companies in indigenous process localization, chemical materials, and the
production of necessary goods and equipment.
He emphasized that petrochemicals have always been reliable allies in
maintaining currency stability and balance, fulfilling their commitment to the
The Deputy Minister of Petroleum acknowledged the resilience of some
petrochemical units, particularly methanol units, in overcoming challenging
times. He stated that the National Petrochemical Industries Company strives to
accurately convey the concerns and challenges of companies regarding feedstock
pricing and ancillary services to decision-makers, ensuring logical decisions
Shahmirzai emphasized the importance of not neglecting the completion
of the value chain as a primary objective for petrochemical industry
development. He urged production companies to invest in initial capital in the
construction sector to achieve complete indigenization in the petrochemical
industry within the next five years.
Referring to the plans of the National Petrochemical Industries
Company aligned with the completion of the value chain, Shahmirzai called on
the holdings and investors to expedite the implementation of the 21 product
projects defined by the company. The aim is to produce these strategic products
as quickly as possible within the country.
Additionally, the Deputy Minister of Petroleum highlighted the
necessity of preparing the required infrastructure for the implementation of
the seventh and eighth development plans.
According to the CEO of the National Petrochemical Industries Company,
the production capacity of the petrochemical industry is projected to reach 140
million tons annually by the end of the seventh development plan, including LNG
The 32nd Petrochemical CEOs Summit, scheduled for two days (5th and
6th of Tir), serves as a platform for industry leaders to exchange insights,
foster collaborations, and drive sustainable growth in Iran's vibrant