Abdolhossein Bayat made these remarks during the opening
ceremony of the 15th Iran Petrochemical Forum (IPF) on Sunday.
He emphasized the role of pension funds in the industrial
development of the country, particularly in the petrochemical sector,
highlighting that the Oil Industry Pension Fund operates independently of
government budgets.
Bayat stated that the pension fund has a generational
responsibility, currently disbursing approximately 3.5 trillion tomans in
pensions monthly—a figure projected to rise to around 35 trillion tomans in the
next decade.
He outlined the fund’s major policies, including asset
monetization, value chain completion, productivity enhancement, and a focus on
economically viable projects. He also stressed the importance of boosting
production and export capacities while considering environmental
sustainability.
Projects like Kangan Petrochemical Refinery, Dehloran
Olefins, and Nakhl Asmari Petrochemical are aligned with the fund’s commitment
to completing the value chain.
Bayat concluded by emphasizing the need for a value chain
perspective in the petrochemical industry, activating unused capacities,
developing additional links in the value chains of complexes, and creating a
comprehensive and accessible database for industry stakeholders, investors,
suppliers, and manufacturers.