NPC Chief Stresses Export Growth, Investment in First Visit of New Year

NPC Chief Stresses Export Growth, Investment in First Visit of New Year
(Thursday, April 3, 2025) 19:32

TEHRAN (NIPNA) -- Iran’s deputy petroleum minister and CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, has underscored the need to expand export markets, remove production barriers, and implement environmental projects as part of the country's economic focus on "Investment for Production" in the new year.

During his first visit of the year to Pardis Petrochemical Company in Assaluyeh, Abbaszadeh highlighted Iran’s growing footprint in the global urea market and called for stronger market diversification.

"Pardis Petrochemical is not only a key player in Iran but also holds a significant position globally. We have made notable progress in barter trade and have secured new markets in countries like Brazil. Now, we are exploring further opportunities in Africa," he said.

Abbaszadeh acknowledged that Iran had lost ground in certain markets in recent years, particularly India, but stressed that efforts were underway to regain market share. "Global demand for urea is rising, and we must adopt a strategic approach to strengthen our presence in these markets," he stated.

Investment and Environmental Commitments

The NPC chief emphasized the need for increased investment in petrochemical infrastructure, particularly in sustainability-driven projects. "In line with this year’s theme of 'Investment for Production,' capital must be directed toward development initiatives, including the collection of excess gas in the region, which has both environmental and economic significance," he noted.

One key project under consideration is the long-delayed CO₂ capture initiative. Abbaszadeh called for immediate action, stating: "This project has been on the agenda for years, yet its implementation has been postponed. Beyond its environmental benefits, it makes economic sense and must be prioritized."

Addressing Production Challenges

Pardis Petrochemical CEO Abdolrahim Ghanbarian, who accompanied Abbaszadeh during the visit, pointed to supply chain disruptions as a major production challenge. "Last year, feedstock shortages forced one of our urea production units offline for 159 days, significantly impacting output and exports. We hope this issue will be resolved in the new year," he said.

Ghanbarian called for a stable and sufficient supply of feedstock to ensure continuous production, emphasizing that the company has the necessary expertise and infrastructure but requires consistent raw material availability.

The visit also included senior officials such as Sakhavat Asadi, CEO of Pars Special Economic Energy Zone, and top executives from NPC and the Pars region. At the conclusion of the tour, Abbaszadeh reaffirmed NPC’s commitment to collaborating closely with Pardis Petrochemical to overcome operational hurdles and thanked industry workers for their dedication.

"I hope this year will bring success to Pardis and Iran’s petrochemical sector as a whole. With collective effort, we can achieve our development goals," he stated.


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