Production of Strategic Items, a Must: CEO

Production of Strategic Items, a Must: CEO
(Monday, December 17, 2018) 15:17

TEHRAN (NIPNA) – Behzad Mohammadi, the CEO of National Petrochemical Company (NPC), stressed the need for bolstering production of key petrochemical products that have wide usage in production end-user items.

Addressing a meeting with senior executives from the Persian Gulf Petrochemical Industries Company (PGPIC), the official underlined the significance of producing strategic petrochemical products in order to reduce imports dramatically.

 He said NPC played the role of a monitor or supervisor in the petrochemical sector after the industry was privatized in Iran.

 The official further stated that the development of the sector required macro-planning with a view on global petrochemical developments which could have been devised jointly by petrochemical industrialists and NPC.

 Mr. Mohammadi said Iran enjoyed only 0.6 percent of the world’s petrochemical market share which indicated a lot needed to be done domestically in the field. This is while, he added, China enjoys a 40% share in the petrochemical market of the world.  

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