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Creating Investment Attractiveness in Petchmen Industry Urged

Creating Investment Attractiveness in Petchmen Industry Urged
(Monday, April 8, 2024) 15:46

TEHRAN (NIPNA) -- The CEO of Petrofarhang Holding emphasized the necessity of creating investment attractiveness and security to encourage public participation in the development of the petrochemical industry.

Javad Zarepour, CEO of Petrofarhang Holding, made these remarks during a "Specialized Meeting of Senior Managers in the Petrochemical Industry with the Aim of Achieving a Production Surge with People's Participation."

He highlighted the importance of addressing investment obstacles and enhancing investment appeal to drive production growth in the petrochemical sector.

"It's natural for investors to seek profit security. Therefore, to foster production surge in the petrochemical industry with public participation, we must not only remove investment barriers but also create necessary incentives," Zarepour stated.

He urged the National Petrochemical Company (NPC) to continue addressing issues related to achieving the slogan of the year, focusing on production surge, as demonstrated by their commitment to organizing such meetings.

Zarepour identified one of the main challenges in the petrochemical industry as the formula for determining feedstock rates. He called upon the Deputy Minister of Petroleum to pursue the modification of the formula for determining petrochemical gas feedstock rates.

Regarding the essential challenge of ensuring stable feedstock supply, Zarepour described it as a fundamental challenge for the petrochemical industry.

He highlighted a 20% growth in the production tonnage of the Petrofarhang complex in 1402 compared to the previous year.

The specialized meeting of senior managers in the petrochemical industry, aimed at achieving a production surge with public participation, took place today (Sunday, April 7, 2024) with the presence of Morteza Shahmirzaei, Deputy Minister of Petroleum and CEO of the NPC, CEOs of holdings, petrochemical companies, and managers of some petrochemical projects. The meeting, hosted by the production control management of the NPC, addressed the programs and concerns of companies to achieve the slogan of the year.

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