News Agency - Detail

NPC, PGPIC Unite for Strategic Development

NPC, PGPIC Unite for Strategic Development
(Tuesday, December 10, 2024) 10:52

TEHRAN (NIPNA) - Senior officials from the National Petrochemical Company (NPC) and Behzad Shamsi, NPC’s representative on the Persian Gulf Petrochemical Industries Company (PGPIC) board, convened to discuss strategies for advancing Iran’s petrochemical sector.

Hassan Abbaszadeh, Deputy Petroleum Minister and NPC CEO, emphasized Shamsi's role in facilitating policy alignment between NPC and PGPIC.

“Mr. Shamsi will engage actively with NPC units, gathering essential information to represent the company’s policies effectively in PGPIC board meetings, promoting balanced growth across the sector,” Abbaszadeh stated.

He underlined the importance of collaboration with PGPIC's new leadership to leverage its potential for balanced development and increased production. “PGPIC can count on NPC’s support as it moves forward,” he added.

Key topics discussed included:

  • Utility Pricing and Management: Optimizing costs for shared utility services.
  • Feedstock Supply: Addressing challenges in supplying Hegmataneh Petrochemical.
  • Regional Projects: Advancing the stalled Golestan Petrochemical Project.
  • Legal Affairs: Resolving intra-holding legal disputes internally to avoid court cases.
  • Stock Divestment: Ensuring government interests are prioritized in PGPIC's share transfers.
  • Supply Chain Support: Enhancing domestic feedstock availability for downstream industries and market regulation, particularly for PGPIC’s monopoly products.
  • Global Market Challenges: Tackling key issues in the international marketing of petrochemical products.

Shamsi, reflecting on his extensive experience in the oil and petrochemical industries, expressed optimism about his tenure on the PGPIC board. “I aim to safeguard national interests, particularly in the strategic activities of PGPIC, and foster growth across the petrochemical sector,” he concluded.

The meeting underscored the shared commitment of NPC and PGPIC to propel Iran’s petrochemical industry toward sustainable growth and global competitiveness.

Email is required
Characters left: 500
Comment is required