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Oil Minister Commends NPC for Increased Credit Offerings of Petchems

Oil Minister Commends NPC for Increased Credit Offerings of Petchems
(Monday, November 20, 2023) 16:15

TEHRAN (NIPNA) - The Minister of Petroleum expressed appreciation and gratitude towards the efforts and support provided by the National Petrochemical Company (NPC) in sustaining the credit supply of petrochemical products by holdings and petrochemical companies.

Javad Owji, during his visit to the Ministry of Petroleum's pavilion at the "Narrative of Progress and Two-Year Services of the People's Government" exhibition held in Qom, remarked, "The credit supply of petrochemical products is a significant step towards providing raw materials for downstream industries and activating production units."

He added, "Fortunately, thanks to the effective measures taken by the National Petrochemical Industries Company and the collaboration of holdings and petrochemical companies, credit offerings aimed at supporting complementary industries are on the rise."

The Minister of Petroleum hailed the credit supply of petrochemical products as a positive and impactful measure, emphasizing, "Credit offerings are a significant step towards production growth, activating production units, job creation, and increasing productivity in the country."

As per the report, during this exhibition, Abbas Gholami, the Manager of Downstream Industries Development at the National Petrochemical Industries Company, presented a report highlighting the achievements in credit offerings. He elucidated on the diverse supply of petrochemical products during the exhibition.

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