Iran Mulls Integration of Petchem Exports

Iran Mulls Integration of Petchem Exports

Iran’s Deputy Petroleum Minister in Petrochemical Affairs, Marziyeh Shahdaei, said that talks are under way with heads and leaders of Iran’s petrochemical holdings in a push to bring their exports together, SHANA reported.

“Once export of petrochemicals is done in an integrated manner, the exports will be able to devise their strategies and policy making to grasp a stronger toehold in the market,” Managing Director of National Petrochemical Company (NPC), Shahdaei said

According to The Iran Project, Shahdaei explained that integrating petrochemical exports allows petrochemical companies to manage their domestic and foreign markets. This could happen if methanol producers are grouped while producers of urea and ammonia work and control their markets together.

Furthermore, Iran’s Petrochemical Commercial Company (PCC)considers the formation of a committee that would integrate exports of petrochemicals by Iranian producers. There’s a large number of petrochemical exporters in Iran that stands at 55 companies,and export items as 12 holding companies. In fact, this large number has put Iranian against each other in foreign markets.

Thus, PCC has held talks with heads of the holdings for forming the committee to be able to address a part of the issues petrochemical producers face with in foreign markets.


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