According to the National Petrochemical Company, Javad Hosseini-Kia on Friday during a visit to the Bidboland Persian Gulf Gas Refining Co., praised the efforts of the company’s managers and specialists. He said the Bidboland refinery is now one of the country’s main energy drivers, stimulating not only the gas sector but also many downstream industries.

Referring to the extensive collection of associated petroleum gas at the facility, he added that according to reports, 600 million cubic meters of gas are recovered there daily — an effort of significant value given the country’s current energy imbalance. He said the Industries Committee has formed a technology-focused working group to help address the supply gap and hopes at least 20% of the challenge can be resolved.

Hosseini-Kia described the petrochemical sector as a “paradise for investment,” noting that 12 quadrillion tomans in idle liquidity is circulating in the economy, causing volatility in markets such as gold, currency and housing. If proper investment models are designed for the petrochemical industry, he said, this liquidity can be directed toward production, value creation and job growth.

Supporting petrochemical managers, industry workers

Hosseini-Kia also praised the petrochemical sector for its social responsibility initiatives, noting its contributions to power plant construction, educational development and the digital modernization of schools. He said the president’s recent directive encouraging companies to support schools through social responsibility programs provides a new opportunity to serve communities.

Highlighting Parliament’s support, he noted that last year 2.5% of the industry’s financial burden was removed. This year, issues related to feedstock pricing and regulatory facilitation are on the committee’s agenda. He said multiple meetings with industry stakeholders have already taken place, and another session to discuss tax and regulatory matters for petrochemical companies is scheduled for next Tuesday.

Expressing gratitude to petrochemical workers and Bidboland refinery managers, Hosseini-Kia said the Industries Committee stands alongside industry leaders and workers to help resolve challenges through cooperation and consultation. These efforts, he said, will ultimately improve people’s livelihoods and strengthen the national economy.