Shariatmadari expressed appreciation for lawmakers’ focus on the sector and emphasized the pivotal role of the legislative body in shaping the nation’s economic and social health. He warned that past policymaking missteps and inadequate technical expertise had led to a “deep rupture” in the petrochemical value chain, undermining long-term sustainability.
Highlighting the sector’s role as a “true economic engine,” Shariatmadari stressed the need for strong parliamentary support to safeguard and strengthen its position. He cited the capabilities of PGPIC’s workforce, ongoing initiatives in research and development, collaboration with academic and knowledge-based institutions, the creation of a corporate venture capital fund, and diversification of product portfolios as key elements of the group’s long-term strategy.
Shariatmadari also noted that PGPIC has initiated financial consortia with international partners to revive $14 billion worth of stalled projects. He underlined that ensuring the interests of more than 40 million shareholders remains the company’s primary responsibility.
During the meeting, Zeynab Gheysari, head of the parliamentary oversight faction, commended PGPIC for maintaining production during the recent 12-day conflict and stressed that unresolved challenges in the petrochemical industry could negatively impact the wider economy. She outlined parliament’s focus on three priority initiatives: drafting a comprehensive statute for the petrochemical industry, addressing feedstock supply issues, and establishing a regulatory authority to streamline governance.
Other MPs also shared their concerns and proposals for structural reforms, while senior PGPIC executives, including Mahmoud Amin-Nejad and Taghi Sanei, presented their expectations from parliament.
The session was attended by more than a dozen lawmakers from various constituencies, underscoring the national significance of the petrochemical sector in Iran’s economic strategy.