Tapping Local Capabilities, National Strategy: CEO

Tapping Local Capabilities, National Strategy: CEO
(Wednesday, May 9, 2018) 00:06

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company (NPC) said the company views exploitation of domestic capabilities as a national strategy.

Reza Norouzzadeh said on Tuesday in a visit to the Iran Oil and Gas Show that Iranian manufacturers must be equipped with the latest technologies for a strong presence in the market.

He said visiting the showcase showed that Iranian manufacturers have improved a lot recently and most of them are capable to administer petrochemical projects by relying on their technical prowess.

The CEO further added that the international sanctions on Iran have decelerated development of technologies in Iran, however, production of petrochemicals has grown from 14 million tons per year in 2005 to over 50 mt/y in 2018.  

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