1 February 2026 - 10:00
  • News ID: 1468124
NPC to arbitrate pricing of ancillary petrochemical services

SHANA (Tehran) – The Supreme Council for Economic Coordination of Heads of Branches approved granting the National Petrochemical Company authority to arbitrate the pricing of ancillary services in the petrochemical industry.

According to president.ir, the council met Saturday with President Masoud Pezeshkian, Parliament Speaker Mohammad-Baqer Qalibaf, Judiciary Chief Gholamhossein Mohseni-Ejei and other members in attendance.

The meeting reviewed the latest developments in key macroeconomic indicators and placed three items on the agenda to ensure coordinated economic policymaking.

The council approved, by majority vote, the transfer of the government’s shares in South Aluminum Co. to the Civil Servants Pension Fund to help organize state obligations; the National Petrochemical Company’s arbitration role in setting prices for ancillary petrochemical services; and a plan to raise capital at the Industry and Mine Bank and the Agriculture Bank through the issuance of financial instruments, following amendments to the relevant provision of the 1404 budget law.

News ID 1468124

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