Shana

Petchem industry a symbol of national self-reliance

SHANA (Tehran) – The petrochemical industry, relying on domestic capabilities and the completion of value chains, plays a key role in creating added value, generating employment and supplying foreign currency for the country, Iran’s deputy oil minister said.

Supporting domestic manufacturers, a national strategy for petrochemical industry

The head of research, technology and domestic manufacturing at the National Petrochemical Company (NPC) said greater use must be made of the private sector’s dynamic capacity to manufacture equipment for the oil industry, stressing that support for domestic manufacturers and self-sufficiency in producing equipment and parts needed by the petrochemical sector is being strengthened as a national strategy.

Oil engineers association head:

Focus on 20% of activities can deliver 80% of value

SHANA (Tehran) — Focusing on key priorities is essential to boosting value creation in Iran’s oil industry, the head of the Iranian Oil Engineering Association said, citing the 80-20 rule.

Petchem industry from 1964 to 2025: A clear path of development

SHANA (Tehran) – Coinciding with the eighth of Dey (December 29), National Petrochemical Industry Day, the CEO of the National Petrochemical Company reviewed the 61-year history of the industry and examined its key milestones across three phases—“the beginning,” “the period of maturity,” and “the current stage.” He said that, fortunately, a roadmap for the petrochemical industry has been prepared through the end of the Eighth Development Plan and even for a 25-year horizon beyond that.

Petrochemicals emerge as a key driver of wealth creation

SHANA (Tehran) – A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.

Petrochemical firms return 98% of forex to economy

SHANA (Tehran) – Iran has recovered more than 98% of foreign currency earnings from petrochemical companies, the deputy oil minister for petrochemical affairs said, noting an improvement from last year.

Petrochemical industry accounts for about 8% of GDP

SHANA (Tehran) – The petrochemical industry accounts for about 7% to 8% of the country’s gross domestic product, while nearly 30% of Iran’s non-oil exports come from the sector, an official said.

Petchem projects under Seventh Development Plan about 60% complete

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) said petrochemical projects under Iran’s Seventh Development Plan are about 60% complete and that all targets set for the plan’s first year were fully achieved in 1403.

Petchem firms lead in process safety management

SHANA (Tehran) – Petrochemical companies have taken the lead in implementing process safety management systems, and the approach should be expanded across the oil industry, the Oil Ministry’s HSE chief said.

HSE decisions must be made in an integrated manner

SHANA (Tehran) — The CEO of the National Petrochemical Industries Company (NPC) described health, safety and environment (HSE) as an organizational value and said decisions in this area must be made in an integrated manner and aligned with national interests.

RIPI ready to help meet Oil Ministry goals under Seventh Development Plan

SHANA (Tehran) – The head of the Research Institute of Petroleum Industry said the institute is prepared to play a key role in meeting the Ministry of Petroleum’s commitments under Iran’s Seventh Development Plan by linking research to technology and production.

Petrochemicals play key role in boosting non-oil exports

SHANA (Tehran) – The secretary-general of Iran’s Petrochemical Industry Employers Association said activating idle capacity in the petrochemical sector is critical to economic growth, noting that under the country’s Seventh Development Plan, non-oil exports must rise by 23% annually and the industry can play a major role in achieving that target.

Half of required petchem investment secured under Seventh Development Plan

SHANA (Tehran) – The head of the National Petrochemical Industries Company said about half of the investment needed for petrochemical projects under Iran’s Seventh Development Plan has been secured, underscoring the strategic importance of the value-creating industry.

Petchem firms invest to manage gas use, secure stable feedstock

SHANA (Tehran) – The head of the National Petrochemical Industries Company said petrochemical companies are focusing on cutting natural gas consumption in three northern provinces, a move expected to reduce usage by about 2 million cubic meters per day during the months-long program and help ensure a stable supply of feedstock.

Petrochemical sector targets 260 mcm cut in gas use

SHANA (Tehran) – The National Petrochemical Industries Company has set a target to cut natural gas consumption in Iran’s petrochemical sector by 260 million cubic meters, its energy optimization director said, stressing the effort is aimed at preventing waste rather than reducing public welfare.

Gas deliveries to petchem industry up 19.4%

SHANA (Tehran) – The head of the National Iranian Gas Company said gas deliveries to the petrochemical industry rose 19.4% above the company’s commitments despite the onset of colder weather this fall.

PGPIC reports 7% production growth

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the company’s production rose 7 percent last year as a result of research and development investments. He added that technology and innovation generated 590 trillion rials in additional operating revenue and cut operating costs by 180 trillion rials.

Aging petchem plants risk losing global competitiveness without upgrades

SHANA (Tehran) – Mahmoud Aminnejad, deputy for development and business at Persian Gulf Petrochemical Industries Company, said that continuing to operate Iran’s 60-year-old petrochemical units without modernization and technological upgrades will push them out of the global competitive cycle and even make them unprofitable.

NPC: Production focus should not hinder tech development in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company said the industry must deepen its focus on research and domestic manufacturing, emphasizing that years of dealing with production issues, feedstock concerns and daily operational challenges have diverted attention from solving the sector’s technological problems.

Trust in domestic capacity key to supplying $2b in petchem equipment

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) highlighted the industry’s annual need for roughly $2 billion in foreign-made equipment and said building confidence in domestic manufacturers can turn Iran into a large national production hub.

Petrochemical companies lead in environmental protection

SHANA (Tehran) – The secretary-general of Iran’s Petrochemical Employers Association said preventing pollution and advancing development projects through modern global technologies represent a strategic step toward national progress. He added that the petrochemical sector must move toward balanced growth by relying on skilled and specialized human resources.

Tapping idle capital to finance petchem growth

SHANA (Tehran) – The deputy head of Parliament’s Industries and Mines Committee emphasized legislative support for the petrochemical sector, saying fundamental steps must be taken to expand various segments of the industry and attract idle capital to finance its development projects.

Call to revive production, remove barriers at Abadan Petrochemical Company

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the need to remove existing obstacles and revive production at the Abadan Petrochemical Company to meet downstream industry demand and strengthen the petrochemical value chain.

Iran expanding petrochemical exports to Eurasian market

SHANA (Tehran) – The head of the National Petrochemical Company said Iran is increasing its petrochemical exports to Eurasian markets.

Fulfilling social responsibilities with a targeted approach

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the central role of the Strategic Council of the Mahshahr Petrochemical Special Economic Zone in advancing the social responsibilities of petrochemical companies in the region, saying budget allocation and implementation of these commitments must be carried out precisely and with clear objectives.

Gas savings in petchem sector hit 1.7 bcm

SHANA (Tehran) – The National Petrochemical Company’s energy optimization director says Iran’s petrochemical industry has saved 1.7 billion cubic meters of natural gas over the past four years through efficiency projects. He added that the sector is targeting annual savings of more than 200 million cubic meters this year.

Strengthening private sector a key policy in Seventh Development Plan

SHANA (Tehran) — Executive Vice President described strengthening the private sector as a cornerstone of the country’s Seventh Development Plan, saying that transferring industry and production to private hands will pave the way for national progress.

Operation of 2 Petrochemical Projects

Attracting private investment remains a priority

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized the industry’s commitment to the private sector’s role in petrochemicals, saying attracting genuine private investment is one of the company’s main policies. “We must facilitate and support investors to make their path smoother,” he added.

Appointment of acting public relations chief at NPC

SHANA (Tehran) – The National Petrochemical Company appointed Peyman Karimi as acting head of public relations, the company announced.

NPC appoints acting head of IT, communications

SHANA (Tehran) – The CEO of the National Petrochemical Company appointed Shahram Rezaei as acting director of the company’s Information and Communications Technology Department.