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NPC Set to Expand Petrochem Exports

The National Petrochemical Company aims to expand the country's petrochemical production map to help boost the economy and reduce the sale of crudes
Petrochemical sector is Iran’s second most valuable industry after oil and gas.Petrochemical sector is Iran’s second most valuable industry after oil and gas.
The petrochemical sector expects the government's financial support to help domestic companies increase their footprint in the world markets

In line with the government's drive to increase the share of value-added exports, the National Petrochemical Company aims to expand the country's petrochemical production map. 
"The completion of projects with the help of holdings and domestic contractors is high on NPC's agenda for the current [fiscal] year [started March 21] to help reduce the sale of crudes," Farnaz Alavi, NPC's deputy for planning and development, was quoted as saying by NIPNA on Tuesday.
The official added that NPC aims to upgrade technology, equip companies with cutting-edge technical know-how and expand its foothold in world markets in the current fiscal year.
"The goal is to support the downstream petrochemical sector, develop the upstream sector and expand the growth of supplementary industries," she said.
Alavi also called for the government's financial support to help pave the way for domestic players to secure their presence in foreign markets.

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