According to the National Petrochemical Company (NPC), the surge in
credit-based sales is a key strategy to support downstream industries in the
country. Among the major petrochemical groups, Bakhtar Group led the charge,
accounting for 75% of the total credit-based sales. Other key contributors
included Khaleej Fars and Shastaan, each with 56%, while TAPPICO, Parsian,
Petrofarhang, and Saba Energy recorded 44%, 29%, 19%, and 13% of total credit
sales, respectively.
For independent petrochemical companies, including Kavian Methanol,
Takhte Jamshid Petrochemical, and several others, the average credit-based
product sales stood at around 33%.
NPC officials emphasized the importance of strengthening and expanding
downstream industries, aligning with the broader goal of completing the
petrochemical value chain. The government has made the development of balanced
growth in the petrochemical sector a central policy, with a focus on boosting
domestic production, reducing raw material exports, and preventing the import
of petrochemical products.
NPC has also identified funding and working capital as major
challenges facing the petrochemical industry. As part of its strategic
response, the NPC has been encouraging petrochemical companies to offer
products on credit terms to facilitate production and ease the procurement of
raw materials, ultimately contributing to the completion of the petrochemical
value chain.
This approach is expected to not only help address domestic needs and
reduce reliance on imports but also contribute significantly to economic growth
and currency earnings, enhancing Iran's position in both regional and global
markets.