Reza Norouzzadeh said, “Fortunately, petrochemicals made for a great source for exports and we have witnessed an upward trend in this regard.”
During a visit to the 12th IranPlast Exhibition on Monday, he said NPC acted as a regulator and supervisor in the petrochemical industry and regulation of the market was not its responsibility.
He added that the National Petrochemical Company was only tasked with supplying feedstock to petrochemical plants and had fulfilled its responsibility to date.
“The existing problem in the market is a result of demand and distribution mismanagement, and we have joined the Ministry of Industries to regulate the market,” he said.
The official said the supply of petrochemical products in the first six months of this calendar year (which began on March 21) increased by 24% year-on-year.
He also described the IranPlast International Exhibition as an opportunity for cooperation between producers and consumers, and said: “Since the beginning of the exhibition, IranPlast has witnessed large numbers of exhibitors in the showcase, indicating the boom and progress of the petrochemical industry.”
The showcase opened on Monday, September 24, and will run until September 27 at Tehran’s permanent fairgrounds.
Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.