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Iran Petchem Industry Needs New Technologies, Official Says

Iran Petchem Industry Needs New Technologies, Official Says
(Saturday, January 27, 2024) 10:52

TEHRAN (NIPNA) -- Iran's deputy petroleum minister and head of the National Petrochemical Company (NPC) stressed the need for developing new technologies by domestic knowledge-based firms to achieve the goals of expanding the petrochemical industry.

The NPC held a ceremony to commemorate the birthday of Imam Ali, the first Shia Muslim leader and a revered figure in Iran, with the participation of Morteza Shahmirzaei, the deputy oil minister and NPC chief, board members and staff, the NIPNA news agency said.

Shahmirzaei congratulated the occasion and praised the virtues of Imam Ali, saying: "We should follow his example of hard work and struggle in life and in the path of elevating Islam."

He added that the employees of Iran's petrochemical industry should put all their efforts into developing and advancing this valuable industry by following the model of Imam Ali's constant endeavors.

Shahmirzaei said that using the existing capacities and benefiting from the knowledge and technologies of the world could smooth the way for the development of Iran's petrochemical industry.

He said that maximizing the use of the potential of domestic producers and manufacturers to transfer technical knowledge, localize and develop new technologies could lead to the realization of the plans made for the development of the country's petrochemical industry.

Iran has been trying to boost its petrochemical output and exports as a way to cope with the U.S. sanctions that have crippled its oil industry. The NPC aims to increase the annual production capacity of the petrochemical sector to 100 million tonnes by 2022 and to 130 million tonnes by 2025.

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