Morteza Shahmirzaei, Iran's Deputy Minister of Petroleum, revealed
that 27 petrochemical companies, utilizing their robust production capacities,
are aiding the domestic pharmaceutical industry by ensuring the provision of
critical raw materials.
Speaking at the inauguration of the Middle East Pharmex International
Exhibition, Shahmirzaei stated, "On the eighth day of Dey (December), the
petroleum industry will mark its sixtieth year as a value-creating,
economy-boosting, and employment-generating sector."
Shahmirzaei further emphasized that the Ministry of Petroleum and the
National Petrochemical Company's policies focus on catering to various industries'
needs, particularly the pharmaceutical sector. Collaborative efforts with
scientific and research centers have yielded substantial progress, contributing
to self-reliance, economic independence, and the strategic autonomy of the
medical and pharmaceutical sectors for the nation's development.
He elaborated, "Today, a substantial portion of Iran's non-oil
exports are facilitated by petrochemical companies. As global demand for
diverse petrochemical products surges, Iran's petrochemical industry is rapidly
diversifying its production portfolio."
The CEO of the National Petrochemical Company continued, "Our
trajectory in the petrochemical industry emphasizes value addition and the
completion of the value chain, aimed at reducing raw material exports. If raw
materials are transformed into finished products, we will not only fulfill
domestic needs but also witness a transformation in export growth and the
procurement of necessary foreign exchange for the country."
Shahmirzaei highlighted the pharmaceutical industry's strategic
significance in any nation's health sector. He underscored the importance of
domestic production infrastructure in the pharmaceutical supply chain as a key
indicator of health and national development. He affirmed that primary
materials for pharmaceuticals are supplied through four sectors:
petrochemicals, biotechnology, plant-based sources, and human-derived products.
"The petrochemical industry's support for the pharmaceutical
The CEO of the National Petrochemical Company added, "Methanol,
acetic acid, caustic soda, toluene, and ammonia are the five main groups of
foundational materials utilized in the pharmaceutical industry, produced and
supplied by petrochemical companies."
In accordance with the Iranian Pharmaceutical Syndicate's
requirements, Shahmirzaei disclosed that 27 petrochemical complexes contribute
to 21 foundational petrochemical products. "Currently, a considerable
portion of Iran's non-oil exports are facilitated by petrochemical
Shahmirzaei referred to the formulation of the Value Chain Completion
Document for Iran's petrochemical industry and stated, "Our approach in
this industry centers on producing final products and completing the value
chain to maximize value addition. In this regard, the Petrochemical Research
and Technology Company, Research Institute of Petroleum Industry, technology
parks, scientific centers, universities, and research institutions have all
played pivotal roles."
He affirmed that by the end of the thirteenth administration, all
catalysts utilized in the petrochemical industry would be domestically
manufactured. He added, "The Iranian nation has chosen a steadfast path
and high-level goals. Through the dedication of industry players, technical
expertise, raw materials, products, and equipment, the petrochemical industry
will be cultivated domestically."
Shahmirzaei extended an invitation to all interested parties to invest
in Iran's petrochemical industry, highlighting the nation's status as a global
innovator. With more than 100 developmental projects in the industry, the
National Petrochemical Company is poised to regulate, steer, and support
investors as the orchestrator of this field.
"Strategic Projects and National Self-Reliance"
The CEO of the National Petrochemical Company elucidated,
"Twenty-one strategic industry projects have been communicated to the
holdings, and 19 projects have been identified in the Parsian region. The value
chain for methanol can be completed with the aim of reducing raw material
exports and producing end products."
Shahmirzaei underscored the pivotal role of domestic manufacturers in
shaping new initiatives and noted, "Domestication of compressors and
extruders in the petrochemical industry has led to several countries expressing
readiness to purchase these critical equipment."