International Journal of Metaverse & Virtual Transformation

Supply Chain Financial Flows in Iran’s Petrochemical Sector: A Strategic Digital Banking Framework

Document Type : Original Article

Authors

Yazdan Kahyani 1
Mohammad Sharifzadegan 2
Majid Nili Ahmadabadi 3

1 PhD Student, Department of Management, MaS.C., Islamic Azad University, Masjed - soleiman, Iran.

2 Assistant Professor, Department of Industrial Management, MaS.C., Islamic Azad University, Masjed-Soleiman, Iran.

3 Associate Professor, Department of Management, University of Qom, Qom, Iran.

Abstract
As a cornerstone of Iran’s economy and a vital source of non-oil export revenues, the petrochemical industry faces acute challenges in managing supply chain financial flows. International sanctions, severe feedstock imbalances, reliance on conventional financing mechanisms, and poor cross-tier coordination have collectively compromised overall systemic efficiency. Concurrently, ongoing digital transformation and interactive environments present novel opportunities to fundamentally redefine the banking sector’s strategic positioning. This study develops a comprehensive strategic framework for banking-enabled supply chain financial flow management within Iran’s petrochemical industry under digital paradigms. Following the identification of 20 core components via literature synthesis and expert consultations, the Cross-Impact Matrix Multiplication Applied to Classification (MICMAC) technique was executed to examine direct and indirect structural dependencies among variables. Structural analysis revealed an unstable system configuration, with variables predominantly distributed along the diagonal axis. Five critical driving forces demonstrated dominant systemic influence: targeted banking support for value chain and downstream expansion, supply chain financial resilience against economic shocks, real-time data-driven resource allocation, modern financial instruments, and diminished dependence on traditional credit instruments. Empirical findings indicate that achieving strategic alignment requires transitioning commercial banks from passive credit intermediaries into intelligent orchestrators of the industrial financial ecosystem through shared data architectures and digital platforms. Ultimately, this research provides actionable policy frameworks for commercial banks, petrochemical holding conglomerates, and regulatory authorities to establish resilient, sustainable, and optimized supply chain financial management amidst prevailing macroeconomic and geopolitical complexities.

Keywords

Banking system
Financial flow management
Petrochemical supply chain
Technological transformation
Interactive digital environments
MICMAC analysis.
Subjects
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  • Receive Date 30 May 2026
  • Revise Date 26 June 2026
  • Accept Date 24 August 2026

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