Lawmaker: Petchem Regulator to Accelerate Industry Development

Lawmaker: Petchem Regulator to Accelerate Industry Development
(Tuesday, May 20, 2025) 11:17

TEHRAN (NIPNA) – The Vice Chairman of Iran’s Parliament Energy Committee, Ramazanali Sangdovini, said the creation of a regulatory body (régulateur) for the petrochemical industry would accelerate its development and promote synergy across the sector.

In an interview with NIPNA, Sangdovini emphasized the strategic role of regulation in aligning the activities of various petrochemical entities under the guidance of the National Petrochemical Company (NPC), stating, “A regulator can serve as a constructive force, fostering coherence in the industry’s value chain.”

He highlighted Iran’s continued progress in the petrochemical sector, driven by domestic expertise and advanced technologies, and underlined the importance of expanding downstream and value-added industries as essential components in completing the petrochemical value chain.

“Iran’s petrochemical industry holds substantial potential across all segments, with high value-added capabilities,” he said. “Efforts in upstream and downstream development have been effective, and with stronger cooperation between Parliament and the government, we can attract new investments and achieve further breakthroughs.”

Sangdovini stressed the need to shift the national view of petrochemicals from a mere raw material exporter to a transformative, job-creating industry: “Supporting this sector is crucial to preventing raw material exports and promoting industrial productivity.”

He concluded by reiterating Parliament’s full backing for investments in the oil and petrochemical sectors, calling the regulatory body a vital instrument for coordinated, innovation-driven growth.

 


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