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Petroleum Minister Commends NPC Strategic Initiatives

Petroleum Minister Commends NPC Strategic Initiatives
(Thursday, May 2, 2024) 15:24

TEHRAN (NIPNA) - Iran's Minister of Petroleum praised the strategic initiatives undertaken by the National Petrochemical Company (NPC), underscoring their pivotal role in advancing the nation's petrochemical industry.

During a ceremony held earlier today, Minister Javad Owji lauded the concerted efforts of Morteza Shahmirzai, Deputy Minister of Petroleum and NPC CEO, along with industry stakeholders. The event marked the signing of memoranda of understanding for the study of development projects across 16 gas fields, valued at a staggering $6.4 billion in investment.

"I extend my gratitude to my esteemed colleague, Engineer Shahmirzai, and am pleased to witness the positive developments within the petrochemical sector," remarked Minister Owji.

He further highlighted significant achievements, including advancements in production growth, entry into gas storage facilities, the production of gasoline from methanol, as well as investments in gas field development and flare gas recovery.

"These milestones, centered around the NPC's leadership, signify substantial progress in our industry," Minister Owji concluded.

The NPC continues to spearhead initiatives aimed at bolstering Iran's position in the global petrochemical market, aligning with the nation's strategic vision for economic development.

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