Members of parliament stressed the need to accelerate the return of damaged petrochemical units to production during a joint meeting of the Parliament’s Industries and Mines Committee and the Industry, Mining, Safety and Standards Faction, with legislative support pledged for the effort.
The meeting was held Sunday and attended by Hassan Abbaszadeh, CEO of the National Petrochemical Company, along with board members of the Iran Chamber of Commerce, Industries, Mines and Agriculture. Discussions focused on proposals to speed up the restoration of petrochemical facilities damaged during the recent war.
Zeinab Qeisari, head of the parliamentary faction overseeing the oil, gas and petrochemical industries, said part of the foreign currency revenue generated from oil sales could be allocated to damaged petrochemical plants. She said maintaining feedstock and fuel supplies to industries, particularly petrochemicals, is essential to preserving the country’s economic stability.
Qeisari said Parliament has launched oversight measures to support damaged petrochemical units. She added that the Chamber of Commerce and specialized industry associations have been tasked with proposing financing models and compensation mechanisms for rebuilding and restoring the facilities so that, with government facilitation and legal backing, production capacity can be revived with minimal disruption.
Javad Hosseini-Kia, deputy head of the parliament’s Industries and Mines Committee, also called for amendments to several laws aimed at supporting industries damaged during the third imposed war. He said revisions to the 1405 budget law could include changes to export duties on raw and semi-raw petrochemical products.
He added that Parliament supports accelerating reconstruction efforts and said resources such as the National Development Fund and petrochemical export revenues could help finance the rebuilding of damaged facilities.
At the start of the meeting, members of the Iran Chamber of Commerce board presented a report on the condition of petrochemical plants damaged during the war and the progress of reconstruction efforts.