Bovard made the remarks at a meeting with the managing
director and senior executives of the National Petrochemical Company (NPC),
stressing the industry's importance to Iran's economy and its potential to
generate added value.
He said NPC's regulatory and governance role in the
petrochemical sector should be strengthened and pursued systematically, adding
that he would provide the necessary support to advance the initiative.
Market oversight and domestic supply
Bovard called for closer coordination among relevant
stakeholders to monitor and manage petrochemical market conditions, product
prices and supply mechanisms.
The industry's role extends beyond producing and exporting
basic petrochemicals, as its products also supply a wide range of downstream
industries and contribute to the production of goods used in everyday life, he
said.
Making better use of existing capacity could deliver
significant economic and social benefits, including higher output, employment
and revenue, Bovard added.
Securing feedstock and export revenues
To ensure a stable supply of feedstock, Bovard said
petrochemical companies should be more actively involved in developing Iran's
oil and gas fields, with the issue pursued as a priority.
He also stressed the need to maintain petrochemical exports
and ensure that foreign-exchange earnings from those exports return to the
domestic economy.
Bovard called for accelerated reconstruction of
petrochemical facilities damaged during what Iranian officials refer to as the
Third Imposed War, urging the industry to mobilise available resources to
advance rehabilitation efforts.
Maintaining momentum
Praising the work of managers and employees across the
petrochemical sector, Bovard said the industry's accumulated experience and
technical expertise should be used to advance national economic objectives.
He also commended the oil industry's performance during the
first half of the Iranian calendar year, despite prevailing constraints and the
wartime situation, and called for that performance to be sustained.
The sector should work with greater confidence, motivation
and speed to achieve its objectives, he said, pledging support within his
capacity to resolve problems and advance petrochemical development programmes.