Iran to Localize All Petchem Equipment, Parts in 7 Years

The Managing Director of the National Petrochemical Company (NPC), while emphasizing the need to create sufficient motivation for human capital, said: "It is planned all the parts and equipment of the petrochemical industry will be localized within the following seven years."

Morteza ShahMirzaei, at the first specialized meeting on the development of management and human capital of the oil industry, considered the excessive development of the upstream petrochemical industry as one of the challenges of this industry in Iran and stated: “Currently, about 14 to 15 million tons of methanol and other products including urea are being produced by the upstream sector of this industry in Iran.”

He emphasized: “In order to have an industrial country, we must produce all the items of the petrochemical value chain inside the country so that by completing this chain, final products can be produced in complementary industries for the country.” - Shana