Hamid Bord, the head of the Ministry of Oil, in a recent meeting with the CEO and senior managers of the National Petrochemical Company, emphasized the importance and high capacities of this industry for creating added value and revenue generation. Bord noted that the market situation, product prices, and their supply mechanisms must be carefully examined and managed.
The Necessity of Attention to Petrochemical Capacities
The head of the Ministry of Oil emphasized the need for greater attention to the capacities of the petrochemical industry, stating that these capacities should be utilized for job creation, increasing production, and revenue generation. According to Bord, the development of the petrochemical industry can have significant economic and social impacts, and from this perspective, attention to its development is of great importance.
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Ensuring Sustainable Feedstock and Developing Fields
Bord further referred to strategies for ensuring sustainable feedstock for petrochemical industries and added: "The entry of the petrochemical industry into the development of the country's oil and gas fields with the aim of ensuring sustainable feedstock must be prioritized and pursued vigorously." He emphasized the necessity of taking fundamental actions to maintain the continuity of petrochemical product exports and foreign currency earnings for the country, stating: "Efforts must be made to ensure that the currency obtained from petrochemical product exports returns to the country's economic cycle."
Reconstruction of Damaged Units and Accelerating Processes
Bord also stressed the importance of following up on the reconstruction plans for the damaged petrochemical units during the imposed war and added: "The issue of reconstructions must be pursued with seriousness, and all available capacities should be utilized to expedite this process." He pointed out the existing capacities in the country for this purpose, stating that all resources should be used to accelerate the reconstruction and improvement of the petrochemical industry.
Overall, emphasizing the strengthening of the petrochemical industry will not only help improve the country's economic situation but can also lead to job creation and increased production. In this regard, the Ministry of Oil has devised multiple programs to support this industry and enhance its infrastructure.
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