16 May 2022 - 15:32
  • News Code: 457084
Expansion of Petchem Export Markets Urged

TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) on Sunday highlighted the need to expand export markets for petrochemical products as output is growing.

Speaking in a signing ceremony between the Petrochemical Research and Technology Company and Persian Gulf Petrochemical Industries Corporation, held on the sidelines of the 26th International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show, Morteza Shahmirzaei said: “As scheduled, petrochemical industry’s capacity is to double by the of the eighth development plan and as we move towards the end of the production chain, the processes are complicated at petrochemical plants, therefore, there will be more technological requirements.

As a result, Petrochemical holdings need to make investments in the know-how and technological development of petrochemical industry, he stated, adding: “Neighboring countries require the equipment and products of petrochemical industry so Iran’s petrochemical industry should be developed to provide the ground to export technical and engineering services, from designing to launching a petrochemical plant.

Latin American countries are target destinations to develop cooperation; However, we are investigating ways to expand collaboration in Eurasia and other markets, he noted.

As production capacity of petrochemical industry will increase in coming years, we have to gain self-sufficiency in technology, along with broadening target markets, in order to rake in forex for the country and make more job opportunities, Shahmirzaei said.

Moreover, he invited all enthusiasts to get involved in knowledge-based area, saying: “The development of petrochemical industry is essential for the country as we can create thousands of jobs through using downstream petrochemical products.”

News Code 457084

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