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On the occasion of the Iranian New Year * Norooz * NPC News Bulletin wishes
to extend its felicitations to all Iranians and other nations that celebrate
the festival as well as to those who are interested in and care about Mother
Nature.May the New Year bring happiness and prosperity to mankind.

Iran's deputy petroleum minister and NPC president, Mr. Mohammad Reza Nematzadeh says "NPC expects
to increase our output capacity to 22.5 million tonnes by the end of next Iranian year when some of
its projects at 'Bandar Imam Petrochemical Special Economic Zone' and 'Pars Special Economic/Energy
Zone' will be completed."
Issuing a message on the occasion of the start of the Iranian solar year of 1383 which started on
20 March 2004, Nematzadeh pointed out, "the new year marks the NPC's 40th anniversary. This historic
coincidence can serve on the one hand as a source of satisfaction and pride for us as we prepare to
celebrate the anniversary while we are implementing twenty new petrochemical projects, twice the
number of all the projects built in the course of the past forty years in Iran. On the other hand,
it reminds us not to lose sight of the 'sweet and bitter' fact that even with the completion of all
of these projects we can, though very late, account for only 2% of the world's output."
He noted that "the investment and production climates are ripe for the Iranian petrochemical sector
demanding the mental, scientific and working preparedness of those people who are involved in the industry.
" He expressed hope that as NPC moves to achieve a new position in the world markets, "we can in the future
take our steps more timely and resolutely than ever before and to utilize the opportunities open to us more
wisely and expertly."

He stated in his New Year message that "attaining such a magnitude of 'work' and
reaching such a level of work 'continuity' not only demonstrate the wholehearted efforts made by the NPC
staff in developing and managing the petrochemical sector but they also symbolize the 'skill' and 'expertise'
every staff has acquired in executing and running different sections within this complex industry. This is
an invaluable asset in our march for developing the industry." In the past year, Nematzadeh noted, several
projects were brought onstream, including the high-density polyethylene (hdPE) plant of Amir Kamir Petrochemical
Co., Fajr centralized utility complex, MTBE plant of Bandar Imam Petrochemical Complex, ethoxylates unit of Arak
Petrochemical Complex, an ABS facility in Tabriz, a melamine crystal plant in Khorasan and two ethane-recovery plants
of NGL 1200-1300.
He announced "several other projects will come onstream in the first quarter of the new Iranian year including,
3rd methanol, engineering polymers, 3rd aromatics and olefin facility of the Amir Kabir complex."
Nematzadeh added "in the past year, the number of workforce working for the contractors and consultancy companies
involved in our projects at Petrochemical Special Economic Zone and Pars Special Economic/Energy Zone reached an
unprecedented 50,000 people."
He said NPC exported 4.6m tonnes of various petrochemicals last year, worth more than $1.2bn up by over 30% over
the previous year, remaining its position atop the country's list of major non-oil producers. Domestic sales reached
4.8m tonnes worth over Rials 9,000bn showing 27% increase over the previous year earnings.
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