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Credit Sales Strategy Aligns with Leader's Policies, Says NPC Official

Credit Sales Strategy Aligns with Leader's Policies, Says NPC Official
(Tuesday, June 11, 2024) 14:27

TEHRAN, June 10 (NIPNA) - The implementation of credit sales in the petrochemical industry is in line with the Supreme Leader's policies to prevent the sale of raw materials, according to Abbas Gholami, Director of Downstream Development at the National Petrochemical Company (NPC).

Speaking at the inaugural National Conference on Credit Sales of Petrochemical Products, Gholami emphasized the industry's leadership role in curbing raw material exports.

Gholami noted that the NPC's commitment to credit sales reflects its adherence to the Supreme Leader's directives. "Credit sales of petrochemical products increased by approximately 60% in the first two months of 2024 compared to the same period last year," he stated.

He highlighted that the main challenge for downstream industries is securing working capital, which traditionally relies on bank loans. "The credit sales strategy significantly alleviated this issue, with about 780 trillion rials ($78 billion) worth of petrochemical products sold on credit last year," Gholami added.

Gholami praised the cooperation of petrochemical companies in adopting credit sales, reinforcing the industry's dedication to the Supreme Leader's policies. "The petrochemical industry is the flag bearer in preventing raw material sales," he asserted.

He further emphasized that the industry has never experienced such a favorable trend, calling the surge in credit sales unprecedented. "The petrochemical industry can serve as a model for other sectors to adopt credit sales strategies," Gholami concluded.

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