Morteza Shahmirzai, speaking at the event, also highlighted the
allocation of $100 million in facilities to petrochemical projects.
He stated that around 125 petrochemical projects, with a total
investment value of about $97 billion, are currently underway.
Shahmirzai emphasized the importance of aligning with the development
path of the petrochemical value chain, noting that several projects in regions
such as Mahshahr, Asaluyeh, Kangan, Parsian, Chabahar, and Qeshm have been
proposed as hubs for Iranian petrochemical investment.
Furthermore, the NPC CEO outlined that petrochemical projects considered
in the seventh and eighth development plans would be implemented, especially in
the southern coastal areas.
Regarding the need for new capital investment in petrochemical
development projects, Shahmirzai stated that the NPC has provided the necessary
incentives.
He highlighted the resilience of the petrochemical industry amid
economic challenges, making it an attractive investment destination.
Shahmirzai also discussed the ladder pricing discount law, which
requires 40% of the income from petrochemical complexes benefiting from a 5%
feedstock discount to be allocated to petrochemical industry development.
Moreover, he emphasized the importance of attracting new investment,
revealing plans for issuing approximately $2 billion worth of hard currency murabeheh
sukuk next year to support petrochemical industry expansion.
The NPC CEO noted that projects nearing completion and scheduled for
operation next year could also access up to $100 million in facilities from the
Central Bank if needed.
He underscored that any investment aimed at creating value-added is
supported, urging for innovative ideas to attract funds domestically and
internationally, contributing to the country's economy.