Speaking at the introduction ceremony of NPC’s new Head of Assemblies
and Shares Management, Hassan Abbaszadeh, Deputy Petroleum Minister and CEO of
the National Petrochemical Company (NPC), emphasized the need to learn from
past privatization experiences to ensure a more stable and prosperous future
for the industry.
Lessons from Past Privatizations
Abbaszadeh stated that NPC, as the industry’s regulatory and advisory
body, will oversee the process to prevent challenges faced in previous
divestments. By sharing past privatization experiences with petrochemical
holdings and companies, potential risks and inefficiencies can be minimized.
He stressed the importance of collaboration between the government,
the Privatization Organization, and petrochemical holdings to identify the most
effective divestment strategies. All measures should be thoroughly studied and
carefully implemented to ensure that the process aligns with national interests.
Investment: A Key Driver for Petrochemical Growth
Highlighting investment as a critical factor in industry development,
Abbaszadeh called for diverse financing solutions to support new projects. He
emphasized the need to leverage both domestic and international financial
resources to secure the future of Iran’s petrochemical sector.