Addressing a ceremony to celebrate the Petrochemical
Industry Day, the official said NPC would also exert every effort required to
resolve problems in the sector and facilitate enhancement of production as well
as completion of petrochemical projects across the country.
NPC is legally forbidden to directly finance
projects in the country and must act as a regulatory body and facilitator of
projects funded by private investors, he noted.
The official further stressed the need for
developing petrochemical industries for generation of new jobs and development
of other sectors, adding all the steps in the sector must be aimed at development
of new technologies just like the industry's heavyweights including BASF and
Linde.