Official Urges Smart Development in Petrochemical Industry
TEHRAN (Shana) – The CEO of the National Petrochemical Company (NPC) Behzad Mohammadi says smart development of petrochemical industry is the only way to survive in the current global market.
Mohammadi said that the only way to stay in the global market is to smarten the development of the petrochemical industry, adding, "We have to cast a global approach to the industry and implementing prolonged projects need to be put aside.”
The annual production of the petrochemical industry has been almost the same as in the preceding year in Iran, as no new plans were added to the country’s petrochemical complexes last calendar year which ended on March 19; Out of about 31 million tons of final products in the year, 23 million tons were exported and 8 million tons were sold on the domestic market, of which 2 million tons were urea and about 6 million tons were supplied to the country’s stock exchange and industries, Mohamamdi said in an exclusive interview with Shana.
"Given that the price of petrochemical products fell by an average of 30 percent last year, the total revenue of the petrochemical industry was $14.5 billion, of which $9.5 billion came from exports and $5 billion from the domestic market.”
The industry’s biggest challenge with the tightening of sanctions was the increase in export costs, especially in the transportation sector, he added.
Mohammadi said that the only way to stay in the global market is to smarten the development of the petrochemical industry, adding, "We have to cast a global approach to the industry and implementing prolonged projects need to be put aside.”
The annual production of the petrochemical industry has been almost the same as in the preceding year in Iran, as no new plans were added to the country’s petrochemical complexes last calendar year which ended on March 19; Out of about 31 million tons of final products in the year, 23 million tons were exported and 8 million tons were sold on the domestic market, of which 2 million tons were urea and about 6 million tons were supplied to the country’s stock exchange and industries, Mohamamdi said in an exclusive interview with Shana.
"Given that the price of petrochemical products fell by an average of 30 percent last year, the total revenue of the petrochemical industry was $14.5 billion, of which $9.5 billion came from exports and $5 billion from the domestic market.”
The industry’s biggest challenge with the tightening of sanctions was the increase in export costs, especially in the transportation sector, he added.