Markets Expansion, Key Mission for NPC Int'l Affairs

Markets Expansion, Key Mission for NPC Int'l Affairs
(Saturday, May 10, 2025) 00:46

TEHRAN (NIPNA) -- The head of the International Affairs Department of the National Petrochemical Company (NPC) emphasized that diversifying export markets is a key mission for the company.

In a conversation with NIPNA, Homa Atef Yekta highlighted the company's focus on expanding export destinations and strengthening bargaining power in global markets.

She stated that a significant portion of Iran's petrochemical exports currently goes to Asian countries.

She mentioned that one of the main strategic objectives of the international sector is to expand markets and export destinations, with a focus on increasing Iran's bargaining power in the global petrochemical market and avoiding dependence on one or a few specific destinations.

Logistical Challenges and Solutions

Regarding the logistical challenges in market expansion, Atef Yekta emphasized the critical importance of having solid infrastructure for sustainable exports. She explained that issues like lack of direct flights or regular shipping lines with certain countries, especially in Africa, make exports to these regions difficult.

She further added that the government and relevant organizations are working on solutions to these challenges. Negotiations are ongoing to introduce rail transport in addition to sea transport, which would reduce export costs for companies. Additionally, she highlighted the financial challenges in Africa, particularly with specific shipping requirements, which are being addressed through discussions with the Central Bank, local banks, and international shipping companies.

Collaboration with Foreign Affairs and Diplomatic Missions

Atef Yekta acknowledged the positive role of the Ministry of Foreign Affairs and Iran's embassies in promoting exports. She expressed appreciation for the cooperation of Iranian ambassadors abroad, which has been crucial in identifying market needs and recognizing the capacities that Iran can fulfill. This collaboration has greatly facilitated the implementation of export projects and created favorable conditions for market development.

Synergy with the Ministry of Roads and Urban Development and Shipping Company

She also mentioned ongoing collaborations with the Ministry of Roads and Urban Development to address maritime shipping and transport barriers. Effective negotiations are being held with the National Iranian Shipping Company and relevant departments to find operational and sustainable solutions to overcome the challenges.

The Need for Direct Branding in Global Markets

Yekta emphasized the importance of branding in the petrochemical industry. She noted that while Iranian petrochemical products are known for their high quality and have significant demand, sanctions and limitations on direct sales have forced Iran to use alternative methods to sell products. This has resulted in the Iranian brand being less visible in end markets, reducing its influence.

Competitive Advantages of Iranian Products

She highlighted that some Iranian products are more competitive than regional competitors in terms of price, which offers a significant advantage for customers. Furthermore, there are opportunities for bartering with countries in the region, which makes Iranian products attractive.

Welcoming Foreign Investment in Petrochemical Industry

Yekta also spoke about NPC's policies to attract foreign investment. She stated that the petrochemical industry in Iran welcomes foreign investment, and during the 29th Oil, Gas, Refining, and Petrochemical Exhibition, initial negotiations were held with several foreign investors. These projects are expected to be both profitable and aligned with the development goals of the petrochemical sector. She also mentioned ongoing discussions with countries like China and Ethiopia at events like Expo 2025 regarding joint plant construction and foreign investment in the industry.

 


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