According to NPC, Behzad Mohammadi, during a meeting with executives from the Persian Gulf Petrochemical Industries Company (PGPIC), said NPC played the role of a monitor or supervisor in the Petrochemical sector after the industry was privatized in Iran.

He said the development of the sector required macro-planning with a view on global Petrochemical developments.

Mohammadi said Iran enjoyed only 0.6 percent of the world’s Petrochemical market share which indicated a lot needed to be done domestically in the field. This is while, he added, China enjoys a 40% share in the Petrochemical market of the world.

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