Iran to Diversify Petchem Export Markets – Deputy Petroleum Minister

Iran to Diversify Petchem Export Markets – Deputy Petroleum Minister
(Monday, April 14, 2025) 10:44

TEHRAN (NIPNA) – Iran plans to diversify its petrochemical export destinations in a bid to boost international engagement and ensure sustainable trade, a senior energy official said on Sunday.

Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC), said broadening the industry’s export horizons is a strategic priority that requires coordinated efforts from all petrochemical holdings and producers.

“Expanding energy diplomacy and export capacity, along with regional cooperation to identify new markets, will be key to enhancing Iran’s global presence in the petrochemical sector,” Abbaszadeh told NIPNA.

He noted that in recent years, access to technology, capital, and equipment for the petrochemical industry had been limited to a narrow set of markets. “For sustained petrochemical exports, active participation in international markets is imperative,” he added.

Focus on Africa, India, and South America

Abbaszadeh revealed that a new diplomatic initiative—developed in collaboration with the Ministry of Foreign Affairs—is aimed at deepening international engagement. The plan focuses on unlocking markets in Africa, India, and South America.

“The framework has already been outlined, and we expect positive developments in 2025,” he said. “Our international division is dedicated to this goal, and petrochemical companies are working alongside us to introduce Iranian products into new markets.”

The NPC chief emphasized the importance of collective industry efforts to support the expansion strategy, citing the need for alignment across the public and private sectors to achieve broader international market integration.

 


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