Speaking at the 18th IranPlast International Exhibition, NPC CEO
Morteza Shahmirzaei highlighted that credit sales of petrochemical products
have enabled domestic buyers to purchase over 1.3 million tons of various
polymers last year. This initiative has facilitated the purchasing power of
manufacturing units.
Shahmirzaei noted that, in line with the Seventh Development Plan,
incentives for feedstock discounts for petrochemical units are being planned.
Upstream oil industry companies, including the National Iranian Oil Company,
National Iranian Gas Company, and National Iranian Oil Refining and
Distribution Company, are mandated to supply feedstock to petrochemical units.
Investors in the upstream sector are required to allocate at least 40%
of their annual profits to the development of the value chain. This allocation
allows them to benefit from feedstock discounts of up to 17% for liquid
feedstocks and up to 30% for gas feedstocks, depending on their activities in
specific regions and value chain segments.
The NPC has expanded credit sales of petrochemical products in
collaboration with the Ministry of Industry, Mine, and Trade to ease the
operations of downstream units facing liquidity issues.
Shahmirzaei emphasized that downstream units producing final petrochemicals
in complementary industries receive the necessary feedstock to reach the final
product stage.
Last year, the domestic sector purchased over 1.3 million tons of
various polymers, demonstrating the enhanced purchasing power of manufacturing
units. The NPC also facilitated credit sales worth approximately 800 trillion
rials, contributing to the industry’s $16 billion in foreign exchange earnings
in 2022. Each layer of petrochemical products converted to the next feedstock
adds approximately 15% in added value.
Shahmirzaei stated that there are currently no supply restrictions on
the stock exchange. According to current guidelines, as long as there is
domestic demand and real consumers and producers of petrochemical products are
identified, there are no supply limitations. Surplus products may be exported
with the approval of relevant authorities.
The IranPlast exhibition plays a crucial role in connecting domestic
producers with foreign buyers, with hundreds of contracts expected to be signed
during the event.