Speaking to NIPNA, Mostafa Nakhaei highlighted Iran’s vast potential
in both upstream and downstream segments of the petrochemical value chain.
“This industry has unmatched capacity,” he said, “and with value chain
integration and downstream expansion, it can supply a broad range of products
to both domestic and international markets.”
Nakhaei underscored the importance of channeling financial resources
into productive sectors. “The consensus among policymakers and economists is
clear: liquidity must be directed toward manufacturing,” he said. “In the Year
of Investment in Production, petrochemicals—being a major foreign exchange
earner—can help meet national currency needs. A comprehensive and strategic
plan is required to attract idle capital and redirect it toward industrial
development.”
Addressing the regulatory framework, Nakhaei stressed the need for a
dedicated body within the petrochemical sector to assume oversight and
governance responsibilities. “Regulatory authority is a key enabler in the path
of sustainable petrochemical growth,” he stated. “It ensures proper
coordination, oversight, and policy alignment. With the National Petrochemical
Company at the center, activities in this vital sector can be streamlined and
facilitated.”
Nakhaei concluded that without a robust regulatory system, the
industry risks fragmentation, adding that effective regulation is essential to
ensure long-term competitiveness and stability.