17 December 2018 - 15:13
  • News ID: 286300
CEO Stresses Production of Strategic Items

TEHRAN (Shana) -- The CEO of National Petrochemical Company (NPC) underlined the significance of producing strategic petrochemical products in order to reduce imports dramatically.

According to NPC, Behzad Mohammadi, during a meeting with executives from the Persian Gulf Petrochemical Industries Company (PGPIC), said NPC played the role of a monitor or supervisor in the petrochemical sector after the industry was privatized in Iran.

He said the development of the sector required macro-planning with a view on global petrochemical developments.

Mr. Mohammadi said Iran enjoyed only 0.6 percent of the world’s petrochemical market share which indicated a lot needed to be done domestically in the field. This is while, he added, China enjoys a 40% share in the petrochemical market of the world. 

News ID 286300

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