Mohammad Tala Mazlumi said the
industry was a key pillar of Iran’s economy and an important link in the oil
and gas value chain, adding that the country should capitalize on its
substantial hydrocarbon reserves to generate greater value from its natural
resources.
“Petrochemicals are not merely a
manufacturing industry but can also drive growth across other economic
sectors,” Mazlumi told NIPNA, arguing that converting more raw materials and
hydrocarbons into finished products with higher added value would increase
national revenues.
He said Iran’s petrochemical
industry had demonstrated its ability to maintain operations despite
international sanctions, which had increased costs but also encouraged the
development of domestic production capabilities, technical expertise, equipment
and market development.
Iran should build on that experience
to accelerate growth, reduce external dependencies and strengthen domestic
manufacturing, he said.
Mazlumi said the country had
substantial feedstock resources, a skilled workforce and significant
infrastructure to support further expansion. Greater investment and fewer
obstacles to project implementation could lead to a substantial increase in
petrochemical production and exports, he added.
He also highlighted the sector’s
dual role in strengthening energy security and supporting industrial growth,
describing it as a strategic component of Iran’s economic future.
Effective regulation and greater
stability, with NPC playing a key role, would help create conditions for
sustainable production and more balanced development across the industry, he
said.