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Expanding Petchem Value Chain Key to Safeguarding National Assets – MP

Expanding Petchem Value Chain Key to Safeguarding National Assets – MP
(Saturday, February 1, 2025) 12:17

TEHRAN (NIPNA) – A member of Iran’s parliamentary Energy Commission has emphasized that expanding and completing the petrochemical value chain is essential for preserving the country’s resources and reducing crude sales.

Speaking to NIPNA, Ahmad Moradi stressed the importance of shifting towards value-added production to limit raw material exports and enhance non-oil revenues.

"One of the key revenue streams should be petrochemical exports, and the National Petrochemical Company (NPC) has taken solid steps in this direction," he said.

Moradi noted that petrochemicals represent Iran’s largest non-oil export sector and play a significant role in economic and infrastructure development. "By strengthening this industry, we can build a strong barrier against crude sales," he added.

He further described petrochemicals as a highly profitable sector, urging both public and private sector investments to drive its expansion.

"In the face of economic sanctions, Iran must leverage its petrochemical advantages to support the national economy," Moradi concluded.

Iran has increasingly prioritized developing downstream industries as part of broader efforts to diversify exports and counter the impact of international sanctions.

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