Speaking at a meeting with members of the National Union of Petrochemical
Downstream Cooperative Associations, Shahmirzaei emphasized the strategic goal
of completing the value chain in Iran's petrochemical industry. This would
shift production towards final products, reduce the sale of raw materials, and
increase added value.
"The National Union's readiness to invest in upstream and
midstream petrochemical sectors is welcomed," Shahmirzaei said,
highlighting that investment packages have been prepared by NPC's investment
management team.
He also pointed to the importance of credit sales in supporting the
petrochemical industry, describing it as an opportunity for industry players.
"Credit sales of petrochemical products have provided the financial
resources needed by inactive and semi-operational units, driving growth in the
downstream sector," he noted.
In 2023, approximately 800 trillion rials ($16.6 billion) of credit
was issued, and by July 2024, an additional 340 trillion rials ($7.1 billion)
has been extended, aimed at meeting the demands of downstream industries.
Shahmirzaei called on industry associations and organizations to
leverage consortiums for participating in these projects, underscoring the
transformative potential of these credit offerings for the industry’s growth
and development.