According to NPC's Downstream Industry Development Management, 37% of
the total petrochemical products sold in July 2024 were through credit sales.
This significant growth underscores the company's commitment to bolstering
downstream industries, which play a crucial role in completing the
petrochemical value chain.
The increase in credit sales is part of NPC’s broader strategy to
foster balanced growth across the petrochemical sector, aligned with upstream
industry developments. This initiative aims not only to meet domestic demand
and reduce raw material exports and imports of petrochemical products but also to
boost employment, generate foreign exchange, and enhance Iran's standing
regionally and globally.
In line with the government’s policies under the 13th Administration,
NPC has prioritized the balanced development of the petrochemical industry.
Since last year, the company has been actively identifying and addressing
production bottlenecks in downstream industries, particularly those operating
below capacity or facing recession.
One of the critical challenges identified in these industries is the
need for working capital and liquidity for purchasing raw materials. To address
this, NPC has targeted an increase in credit sales of petrochemical products in
commodity and energy exchanges, utilizing all available resources. This
strategy is aimed at revitalizing production units and ensuring the steady
supply of feedstock needed for downstream industries to complete the value
chain.
NPC continues to encourage petrochemical companies to expand their
credit offerings, which is expected to significantly contribute to the balanced
development of the industry and the completion of the value chain.