Despite several billion dollars in investments, the development of the petrochemical industry in Iran has faced serious challenges. This industry, considered one of the main pillars of the country's economy, has currently fallen into the trap of raw material sales, and its value chain has not been properly developed.
Roots of Stagnation in the Petrochemical Industry
The stagnation in the petrochemical industry stems from the governance model and ownership structure. The transfer of petrochemical companies to pension funds, which typically seek short-term cash profits, has led to a lack of attention to the long-term development of this industry. For example, high-capacity petrochemical fields have yet to fully utilize their potentials, necessitating a comprehensive view of corporate governance and privatization in this area.
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Interview with Yaser Mirzaei on the Petrochemical Table
In the second episode of the "Petrochemical Table" program, Yaser Mirzaei, an expert in the petrochemical industry, discusses corporate governance and privatization in this sector. He believes that to overcome the current crisis, it is essential to optimize the ownership structure and governance model to achieve sustainable development in this industry.
Overall, while Iran's petrochemical industry has high potential to become a key sector in the country's economy, structural and managerial challenges have prevented the proper utilization of these capacities. This indicates an urgent need for fundamental reforms in the country's macroeconomic and industrial policies.
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