SEO Pursuing Lower Feedstock Prices for Petrochemical Firms

January 6, 2022
oil and gas

The managing director of the Securities and Exchange Organization (SEO) says the regulator is trying to help reduce the price of gas feedstock sold to petrochemical plants.

In a meeting with CEOs of petrochemical companies and capital market officials, Majid Eshqi pointed to the need to reduce feedstock prices demanded by the Planning and Budget Organization in the next budget, saying that the prices need to be cut to protect the profitability of the key industry.

Feedstock prices sold to petrochemical companies is equivalent to the export rate for Iran’s natural gas and set at a maximum 50,000 rials per cubic meter in the March 2022-23 budget.


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