Speaking to NIPNA, Torkman emphasized that, amid ongoing sanctions
targeting Iran's petrochemical sector, effective regulation, along with
collaboration between the government, private sector, and specialized
associations, is essential to ensure stability and growth in the industry.
Key Role of NPC in Market Management
Torkman underscored the vital role of NPC in managing the market and
value chain of the petrochemical industry. He emphasized that regular technical
committee meetings organized by NPC are crucial to avoid challenges such as
production declines, energy imbalances, and market stagnation.
Concerns over Declining Polymer Trades
Addressing recent trends, Torkman expressed concern over a 1% decrease
in polymer transactions on the Commodity Exchange over the first ten months of
the current year, calling for serious government support for production
infrastructure.
He also highlighted other hurdles facing the sector, including
currency fluctuations, a lack of liquidity, and limitations in securing raw
materials. Torkman stressed the importance of comprehensive regulation to
manage these challenges effectively.
Private Sector’s Role in Government Collaboration
The Chairman also acknowledged the critical role of private sector
organizations in engaging with the government. He called for a greater focus on
leveraging the expertise of these organizations to navigate current challenges,
while ensuring stability in regulations, resolving energy imbalances, and
securing financing for production units. According to Torkman, these are key
demands from the private sector that can only be achieved through collaboration
with the new government.