TEHRAN - The head of Irans National Petrochemical Company (NPC) has hailed the petrochemical sectors exponential development as an essential accomplishment in the oil industrys worth chain, emphasizing its role in suppressing unrefined sales.Speaking to Shana, Hassan Abbaszadeh described the downstream growth of the petrochemical industry over the previous 46 years as the most substantial accomplishment in the oil sectors worth chain.He kept in mind that Irans petrochemical production capability has risen from around 3 million loads each year to roughly 96 million heaps throughout various product groups.Highlighting the significance of this progress, Abbaszadeh stated: With all due respect to other sections of the oil industry, petrochemicals represent the real personification of the worth chain, preventing unrefined sales and creating added worth.
While the upstream sector has also seen significant developments, its development is not similar to that of petrochemicals.Despite past advancements, Abbaszadeh thinks that insufficient attention has actually been provided to finishing the petrochemical worth chain.
The next step is to approach greater value-added products rather than semi-processed outputs, he stated.He additional explained that under Irans Seventh Development Plan, the countrys petrochemical capability is set to rise to 131 million lots annually.
For the first time in a five-year development strategy, particular targets have actually been set for completing worth chains, marking a tactical shift in market policy, he added.According to Abbaszadeh, the strategy aims to finish four major worth chainsmethanol, propylene, ethylene, and aromatics.
He affirmed that NPCs annual programs are lined up with this goal, worrying that the business is fully devoted to attaining the strategies targets.EF/ MA