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Acting NPC Head Emphasizes Accelerating Petchem Projects to Boost Development, Exports

Acting NPC Head Emphasizes Accelerating Petchem Projects to Boost Development, Exports
(Wednesday, October 16, 2024) 22:52

TEHRAN (NIPNA) -- Speeding up the completion of ongoing petrochemical projects is critical to enhancing Iran’s trade balance and increasing exports, said Hassan Abbaszadeh, Acting Head of the National Petrochemical Company (NPC).

 

 

Speaking on Tuesday, Abbaszadeh highlighted the priority of the Ministry of Petroleum in ensuring the timely execution of key projects within the petrochemical sector.

During a meeting with Gholamreza Dehghan Nasrabadi, representative of Kazeroon and a member of the Parliament's Energy Committee, Abbaszadeh underscored the importance of completing these projects before the end of Iran’s Seventh Development Plan.

"Timely completion of these projects will lead to higher production of petrochemical products, add more value, and improve the country’s trade balance," he stated.

He also emphasized that addressing financial and infrastructural obstacles, attracting investment, and supporting the private sector are crucial for accelerating the progress of these projects.

"The NPC is fully committed to supporting regional projects and removing barriers to ensure the effective development of the petrochemical value chain," Abbaszadeh added.

Abbaszadeh further announced that specialized meetings will be held in the coming weeks to tackle issues delaying the construction of petrochemical projects, emphasizing the importance of cooperation between Parliament, local authorities, and petrochemical holding companies to expedite these efforts.

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