TEHRAN (FNA)- The deputy head of the National Petrochemical Company (NPC) said the Oil Ministry will soon finalize the proposed prices for the feedstock of petrochemical plants.


“The [previous] prices of petrochemical feedstock are still in effect and it is necessary for the government and the parliament to interact and cooperate in order to ratify new prices and announce them as soon as possible,” Mohammad-Hassan Peyvandi told Shana.

“The NPC has proposed that the feedstock prices be realistic and [the feedstock] be sold based on the Persian Gulf FOB prices,” he said.

“When we speak about gas, we have to take into account that we mean rich gas or methane. For the time being, don’t need rich gas to produce urea and methanol and we use methane,” he said.

He said that Iran’s petrochemical industry will make headway towards further success when the prices have become realistic.

Peyvandi said the NPC expects the government to set reasonable prices for petrochemical feedstock so that this industry can realize its objectives.

“The price of petrochemical feedstock plays the most important role in attracting investors and development of petrochemical industry. The grounds must be further prepared for the presence of the private sector,” he added.

NPC Chief Abbas She’ri-Moqaddam recently said that new phases of the giant South Pars gas field will supply further feedstock to petrochemical plants once they have come on-stream.

By Fars News Agency 

 

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