25 September 2018 - 18:21
  • News Code: 284781
Iran Petchem Exports Growing: CEO

TEHRAN (Shana) -- The CEO of National Petrochemical Company (NPC) said Iran’s petrochemical exports were rising.

Reza Norouzzadeh said, “Fortunately, petrochemicals made for a great source for exports and we have witnessed an upward trend in this regard.”

During a visit to the 12th IranPlast Exhibition on Monday, he said NPC acted as a regulator and supervisor in the petrochemical industry and regulation of the market was not its responsibility.  

He added that the National Petrochemical Company was only tasked with supplying feedstock to petrochemical plants and had fulfilled its responsibility to date.

“The existing problem in the market is a result of demand and distribution mismanagement, and we have joined the Ministry of Industries to regulate the market,” he said.

The official said the supply of petrochemical products in the first six months of this calendar year (which began on March 21) increased by 24% year-on-year.

He also described the IranPlast International Exhibition as an opportunity for cooperation between producers and consumers, and said: “Since the beginning of the exhibition, IranPlast has witnessed large numbers of exhibitors in the showcase, indicating the boom and progress of the petrochemical industry.”

The showcase opened on Monday, September 24, and will run until September 27 at Tehran’s permanent fairgrounds. 

News Code 284781

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