TEHRAN (NIPNA) - Iranian private sector manufacturers have successfully achieved the production of 72% of active pharmaceutical ingredients (APIs) by completing the value chain in the domestic pharmaceutical industry, thus breaking the monopoly held by the United States, Europe, China, and India in this sector.

TEHRAN (NIPNA) -- A groundbreaking agreement was reached for the conceptual design and feasibility study of an LG petrochemical plant in Khorasan in the midst of the second day of the 17th Iran Plast International Exhibition.

TEHRAN (NIPNA) -- Given that once foreigners assigned us how much oil to produce and export, the oil minister said: "Today, oil industry experts will export Iran's crude oil and gas condensate shipments wherever they want."

TEHRAN (NIPNA) -- Emphasizing that the strategy of the petrochemical industry since the beginning of the people's government was to minimize crude sales, director of the 17th Iranplast exhibition said that all can see the reflection of the policies and comprehensive plans of the NPC with special emphasis on completing the value chain of petrochemical products and supporting the development of the downstream industry in the exhibition.

TEHRAN (NIPNA) -- "The 20-fold increase in the number of foreign guests at the 17th Iranplast exhibition means that threats and economic sanctions have no place in this industry and that we have crossed these boundaries", said the CEO of the National Petrochemical Industry Company(NPC), adding "the value-creating, job-creating and currency-creating petrochemical industry is a leaping and revolutionary movement".

TEHRAN (NIPNA) -- The Minister of Petroleum, while addressing the diplomacy of the Ministry of Petroleum in the 13th administration, stated: “Apart from dealing with the issue of transcontinental refineries, we have also initiated work on transcontinental petrochemicals with the efforts of capable experts and builders in the country.”

TEHRAN (NIPNA) -- The president of the National Cooperative Union of Downstream Petrochemical Industries emphasized that participating in Iran Plast leads to a leap in production and trade for companies. He highlighted the active presence of downstream petrochemical industries in this year's exhibition.

TEHRAN (NIPNA) -- The Iraqi Ambassador to Iran emphasized that the organization of the Iran Plast Exhibition and similar trade shows and conferences paves the way for deeper thinking and reflection on the development of positive cooperation between the two countries.

TEHRAN (NIPNA) -- The director of the 17th International Iran Plast Exhibition hailed the active participation of numerous domestic and foreign companies in this edition of the exhibition as a significant step towards the growth of the petrochemical industry and the expansion of product exports. He emphasized that this environment allows both parties to become acquainted with each other's achievements, potentially leading to the signing of positive trade agreements.

TEHRAN (NIPNA) -- The 17th International Iran Plast Exhibition presents a unique opportunity for Iranian petrochemical companies to expand their export markets by showcasing their achievements and products, according to Hussein Alimorad, the Head of International Affairs at the National Petrochemical Company.

TEHRAN (NIPNA) -- Iran's Petroleum Minister underscored the importance of prioritizing the production of petrochemical products from methanol and called for strong support for both domestic and foreign investors in this sector.

TEHRAN (NIPNA) -- The Deputy Minister of Petroleum and CEO of the National Petrochemical Company, Morteza Shahmirzaei, emphasized the significant transformation taking place in downstream industries within the petrochemical sector.