NPC Emphasizes Industry Cohesion, Strategic Planning

NPC Emphasizes Industry Cohesion, Strategic Planning
(Tuesday, September 2, 2025) 15:39

TEHRAN (NIPNA) – Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC), highlighted the importance of maintaining cohesion across Iran’s petrochemical sector, stating that NPC, industry associations, and major holding companies function as a “joint headquarters” with complementary roles.

 

Speaking at the 33rd meeting of petrochemical CEOs, Abbaszadeh discussed key challenges and initiatives, including:

  • Gas supply and storage: Evaluating the use of salt caverns in southern Iran to store enough gas for three months of industrial consumption.
  • Contract simplification: Streamlining upstream contract processes by removing overlapping committees.
  • Pricing strategy: Developing an optimal gas pricing scenario for the upcoming fiscal year in coordination with the Ministry of Oil and relevant authorities.
  • Roadmap to 1430 Horizon: Drafting a long-term industry roadmap with input from private and public stakeholders.
  • Smart industry initiatives: Installing real-time, automated production monitoring systems in line with Iran’s Seventh Development Plan.
  • Financial and regulatory issues: Addressing taxation, import feedstock regulations, and export duties, while aiming to reduce bureaucratic hurdles.
  • Professional standards for managers: Establishing guidelines for managerial competence, particularly for crisis management and operational efficiency.
  • Global regulatory preparedness: Monitoring international developments, such as emerging plastic and PVC regulations, to safeguard domestic industry competitiveness.
  • Market development: Strengthening commercial and logistics capabilities, with a focus on underdeveloped markets such as Africa.

Abbaszadeh stressed that coordinated committees and task forces are being formed to handle key challenges systematically, including feedstock allocation, taxation, and macroeconomic policy, enabling more effective government and industry decision-making.

 


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