Hassan Abbaszadeh, the company's CEO, announced the development Sunday on the sidelines of an energy exhibition, according to the NPC.

Gas restrictions were lifted Friday, Abbaszadeh said, enabling companies to receive feedstock at required capacity levels.

In October, about 90 million cubic meters of gas were delivered daily to the petrochemical industry, he said, a figure that later dropped to between 50 million and 75 million cubic meters. The return to normal conditions has begun, with companies expected to reach October capacity levels by the end of the week, he added.

Some companies had entered scheduled maintenance due to forecasts of sustained cold weather, Abbaszadeh said, with many units having returned to operation in recent days. Other companies can receive required feedstock as indicated by the National Iranian Gas Co., he said.

About 98% of petrochemical export revenues return to economy

Approximately 98% of petrochemical export revenues have been returned or are in the process of being returned to the economic cycle, Abbaszadeh said. This represents about a 2% increase from the previous year, despite industry challenges, he said.

The simplest and most cost-effective method for ensuring stable gas supply is consumption optimization, Abbaszadeh said, citing the importance of the "Energy Pulse" campaign. About 22% of the industry's installed capacity remains unused due to feedstock limitations, he said.

While solutions such as flare gas recovery, solar power plant development and alternative fuel use are being pursued, energy consumption optimization remains the cheapest and fastest approach, Abbaszadeh said. This year saw fewer days of energy restrictions compared with the previous year, which was managed through measures including liquid fuel use, he added.

Petrochemical companies show confidence in NPC arbitration

Disputes among some petrochemical companies from 2021 through 2024 have been resolved through arbitration rulings ratified by the heads of government branches, Abbaszadeh said.

Companies have been asked to refer disputes to the National Petrochemical Co. as the specialized holding company before pursuing legal action, Abbaszadeh said. Six arbitration cases are currently under review, with companies showing confidence in this specialized mechanism, he said.