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Iran Petchem Industry Emphasizes Enhanced Regulatory Oversight

Iran Petchem Industry Emphasizes Enhanced Regulatory Oversight
(Saturday, August 17, 2024) 15:16

TEHRAN (NIPNA) - The Steering Council for Petrochemical Industry Inspections has underscored the need for reforming the role and authority of regulatory oversight within the sector, according to Vahid Barzegar, Head of Inspection Affairs and Complaint Response at the National Petrochemical Company (NPC).

Speaking at the council meeting held in the Petrochemical Special Economic Zone, Barzegar emphasized that the strategic inspection councils have been established in collaboration with holding companies and petrochemical firms, with one of their primary goals being the enhancement of regulatory oversight across the industry.

Barzegar highlighted that the strategic councils, spearheaded by NPC, aim to streamline national-level regulatory practices and foster cooperation among petrochemical companies. "Significant progress has been made in bolstering the role and authority of inspection activities within the industry," he noted.

He further stated that inspection efforts should not be confined solely to the NPC but must involve the entire industry. "The industry must actively monitor challenges and deficiencies, and work towards resolving them," Barzegar added.

The meeting, hosted by Maroon Petrochemical Company, saw council members sharing their perspectives and suggestions to ensure effective oversight in the petrochemical industry.

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