Iran's acting oil minister, Hamid Bovard, has urged the National Petrochemical Company to bolster its regulatory and governance functions to better support the national economy. During a meeting with senior leadership, Bovard highlighted the sector's potential for job creation, increased production, and revenue generation. He emphasized that the industry must move beyond basic exports to supply downstream domestic needs and ensure a steady supply of feedstock by investing in oil and gas field development. Furthermore, the minister called for the prioritization of restoring damaged petrochemical units and improving export strategies to facilitate the return of foreign currency into the national economic cycle. Bovard stressed that leveraging the industry's collective expertise is essential for achieving these economic objectives and fostering long-term development across the country.
Source : Tehran Times
Photo : Tehran Times
