The state of Iran’s economy is a vital issue in need of care and attention. The desired improvement in this field will not be realized in the absence of sincere cooperation with the Islamic Republic authorities.

In the past four years some $6 billion worth of contracts have been concluded for implementing petrochemical projects, $3 billion of which has been spent. Completion of these projects will give a robust momentum to the growth of Iran’s economy.

As product prices are dictated by the market, the most important competitive element to arrive at lower production costs are feedstock costs and technology. This target will be served by improvement in the current production process technologies and by exploring new, innovative technologies.

The speeches at these forums are actually an excuse to bring people together and those who come to these forums, particularly participants from abroad, are not here to listen to big flashy speeches.

Natural gas is fast becoming the world’s most desirable source of hydrocarbons. The establishment of a GTL industry would align perfectly with Iran’s stated objectives of developing domestic and export markets, while also preserving the value of its reserves for future generations.

To achieve its aspired share of the product markets Iran will clearly need to offer attractive feedstock prices as well as a low local cost base. Iran may also have to consider the optimum phase of projects by recognizing the pattern of developments.

I’ve found out that this event is becoming more and more attractive to the business community worldwide, including to the possible shareholders and partners in technology. As for our company, it is a leader in polypropylene with a large business in gas and energy.

PMC is a relatively new concept for Iran, and how much Iranian projects might benefit from this approach is not recognized. The value of using a PMC contractor has been demonstrated on many petrochemical, oil and gas projects around the world.