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Export Markets Targeted for Petchem Development

Export Markets Targeted for Petchem Development
(Sunday, May 15, 2022) 23:55

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company emphasized the need to develop the export markets of petrochemical products along with increasing production capacity.

Morteza Shahmirzaei today (Sunday, May 15) at the signing ceremony of the Memorandum of Understanding between the Persian Gulf Petrochemical Industries Company (PGPIC) and Petrochemical Research and Technology Company (PRTC), which was held on the sidelines of the third day of the 26th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said: “With the planning done, the capacity of the petrochemical industry will double by the end of the eighth development plan, and as we move to the end of the chain, the processes of the petrochemical units will become more complex, so the technological needs of this industry will also increase.”

Emphasizing the need for investment of petrochemical holdings in the field of development of knowledge and technologies of petrochemical industry, he added: "Considering the need of neighboring countries for equipment and products of petrochemical industry, Iran's petrochemical sector should be developed to export engineering services and technologies to set up a petrochemical unit.”

The CEO of the National Petrochemical Company continued: "Latin America is one of our goals for the development of cooperation, while in the field of Eurasian market and other markets, we are considering to expand cooperation."

Shahmirzaei said: "By increasing the production capacity of the petrochemical industry in the coming years, in addition to expanding the target markets, we must be self-sufficient in the field of technology to create high employment in addition to generation of hard currency for the country."

Inviting all interested parties to enter the field of knowledge-based, he said: "The development of the petrochemical industry is a necessity for the country, because using downstream petrochemical products can create thousands of jobs."

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