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BRICS countries to attend IPF

BRICS countries to attend IPF
(Sunday, April 16, 2023) 23:58

TEHRAN (NIPNA) -- The 14th Iran Petrochemical Forum (IPF) is set to take place on May 1 and 2, with member countries of the BRICS group participating for the first time, said the Director of Planning and Development of the National Petrochemical Company (NPC).

Hassan Abbaszadeh noted that the event would provide an opportunity for interaction and cooperation between active domestic and foreign companies, offering insight into the latest developments, programs, and new investment opportunities for the development of the industry.

The Director of Planning and Development at NPC highlighted the fact that the IPF conference has a strong focus on completing the value chain and ensuring the balanced development of the petrochemical industry.

He also emphasized that the company has taken several steps, in consultation with the Ministry of Foreign Affairs, to improve the scientific quality of the conference and promote it effectively.

In order to participate in new export markets, the NPC has invited members of the BRICS group to attend the international conference of the Iranian petrochemical industry.

This move is expected to bring in more investors and foster greater cooperation between Iran and the member countries of the BRICS group.

During the conference, several specialized panels will be held, including a strategic panel dedicated to the members of the BRICS countries.

This panel aims to examine the future cooperation of the Iranian petrochemical industry in the markets of its member countries.

Abbaszadeh also highlighted the importance of the event, which includes holding of special panels in the presence of ambassadors and political and commercial representatives of Iran.

These panels will examine the development of energy diplomacy, the empowerment of the petrochemical industry, and the aim of overcoming crude sales and achieving self-sufficiency in this industry.

BRICS is a group led by emerging economic powers, consisting of Brazil, Russia, India, China, and South Africa. Initially known as BRIC, the group's name was changed to BRICS after South Africa joined.

The IPF conference will be held at the IRIB Conference Center. The event is expected to attract a large number of domestic and foreign investors looking to benefit from new opportunities in Iran's petrochemical industry.

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