Speaking at a meeting in the Pars Special Economic Energy Zone to
review petrochemical projects in the Kangan region, Abbaszadeh outlined the industry's
ambitious export target of $13 billion by the end of this year. He highlighted
that half of the anticipated export revenue is earmarked for reinvestment in
the sector.
Key projects under review included the Hojir Iranian Light
Polyethylene project, Vista Energy Arghavan, Kangan Polymer Development, and
Pioneers of Siraf Refinery Development. Abbaszadeh stressed that financial
resources remain the primary bottleneck for advancing these projects.
"The Central Bank's authorization to reinvest export earnings is
a pivotal step in overcoming financial challenges and accelerating
development," he said.
Abbaszadeh also emphasized the importance of internal synergy across
the oil ministry's subsidiaries, reflecting the Petroleum Minister’s directive
for closer collaboration. "A strong coordination exists between the NPC
and the Pars Special Economic Zone, which ensures streamlined operations and
development," he added.
Specialized task forces have been formed under NPC's leadership to
address financial issues, infrastructure development, access corridors, and
feedstock supply, aiming to ensure timely project execution.