Iran Lawmaker Outlines 3 Legislative Priorities to Boost Petchem Sector

Iran Lawmaker Outlines 3 Legislative Priorities to Boost Petchem Sector
(Saturday, December 6, 2025) 13:38

MAHSHAHR, Dec. 5 (NIPNA) – The head of Parliament’s oversight faction for the oil, gas and petrochemical industries said the 12th Parliament is advancing three major legislative actions to strengthen Iran’s petrochemical sector, which she described as a core driver of economic growth and foreign currency earnings.

Zeinab Gheysari, speaking during a visit to the Mahshahr Petrochemical Special Economic Zone, said the priorities include full implementation of the Seventh Development Plan, revising the statute of the National Petrochemical Company (NPC), and establishing an independent regulatory body for the petrochemical industry.

Gheysari said the visit aimed to assess development plans, review project progress and identify operational bottlenecks across companies in the region. She noted that a separate meeting with chief executives of local petrochemical firms was held to gather direct reports on obstacles, operational concerns and industry-wide demands.

“Our central goal is to remove barriers facing this strategic sector so that companies can focus on development projects, value-chain completion and improving competitiveness,” she said.

Gheysari emphasised that several provisions in the Seventh Development Plan were designed to support petrochemical growth, but their full impact depends on preventing companies from being drawn into “secondary challenges unrelated to production”. She added that Parliament has mapped out the sector’s priority issues to guide legislative and oversight efforts.

The lawmaker said revising the NPC statute is underway, with a joint committee established to review the legal framework. She noted that the aim is to restore NPC’s role as a development-oriented body after two decades of privatisation, allowing it to better coordinate, support and guide the sector.

Gheysari also said the creation of an independent petrochemical regulator is being evaluated as part of a broader structural reform package. According to her, the three measures form “interlocking components of a single framework” intended to enhance long-term growth, increase foreign currency revenue and expand production of high-value petrochemical products.

She said the 12th Parliament “stands fully behind the petrochemical industry” and highlighted that the sector has been among the most compliant with the Seventh Development Plan’s mandates. Ensuring stable feedstock supply and removing export constraints, she added, are now the key responsibilities of lawmakers.

Addressing the role of Bandar Imam Petrochemical Complex, Gheysari said the company faces many of the same challenges confronting the wider industry, but also requires special focus on development, modernisation and refurbishment due to its age. She noted that past delays in redevelopment projects at older facilities, such as Abadan Petrochemical, underline the importance of timely investment.

She described Bandar Imam as a leading producer with substantial output, diversified products and a complete value chain, and said the development report presented by its chief executive showed “promising progress”.

Gheysari added that Parliament expects the complex to maintain full focus on advancing its development projects, adding that lawmakers will work to remove obstacles to ensure their completion. She expressed hope that several of the complex’s expansion projects will enter operation in the near future.

 


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