NPC Embraces AI, Innovation in Leadership Reshuffle

NPC Embraces AI, Innovation in Leadership Reshuffle
(Tuesday, December 10, 2024) 10:07

TEHRAN (NIPNA) - The National Petrochemical Company (NPC) of Iran has announced several key appointments, signaling a strategic shift toward fostering domestic innovation and integrating artificial intelligence (AI) into its operations.

In a ceremony held on Wednesday, NPC CEO Hassan Abbaszadeh, who also serves as Deputy Petroleum Minister, introduced new heads for Research, Technology, and Local Manufacturing, as well as Internal Auditing. Two senior advisors were also appointed to steer the company toward its long-term objectives.

Highlighting the petrochemical sector’s annual investment inflows of approximately $3 billion and equipment imports of $2 billion, Abbaszadeh underscored the importance of supporting domestic knowledge-based companies to meet industry needs. “Redirecting investments toward capable local firms not only creates jobs and preserves human capital but also contributes to economic growth and builds credible domestic brands,” he said.

The CEO expressed confidence in Dr. Nasiri’s leadership as the new head of Research and Technology and Local Manufacturing, emphasizing the need to involve domestic experts and innovators in advancing the petrochemical sector. Abbaszadeh also thanked outgoing director Ali Bagheri for his service.

Addressing the financial transparency agenda, Abbaszadeh announced Mohsen Ebrahimi’s appointment as Chief Auditor, praising his expertise in finance and auditing. He expressed gratitude for the contributions of outgoing auditor Ali Azizpour, describing the leadership change as a move to inject new energy into the organization.

On the international front, Abbaszadeh discussed plans to expand Iran’s petrochemical markets globally, emphasizing the importance of strategic trade development. “Over the next decade, the size of our petrochemical industry will double. We need clear strategies for managing global markets and products, particularly in non-traditional markets like Africa and South America,” he noted.

Abbaszadeh tasked newly appointed advisor Ali Ajami with establishing a robust commercial management framework, stressing the need for proactive engagement in international trade dialogues to secure a prominent place for the industry.

In a nod to the digital future, Abbaszadeh announced the appointment of advisor Shahram Rezaei to lead NPC’s digital transformation and AI integration initiatives. Describing the company's extensive data repositories as a national asset, he said, “Leveraging artificial intelligence across all domains will unlock immense value from our vast database, transforming it into a strategic resource.”

With these appointments, NPC aims to strengthen its position as a leader in the global petrochemical sector while enhancing its domestic innovation capabilities.

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