12 June 2026 - 18:54
  • News ID: 2164871
Petchem recovery gains momentum

SHANA (Tehran) – Iran has restored about 38% of the petrochemical production capacity that was lost or disrupted during recent attacks, according to National Petrochemical Company CEO Hassan Abbaszadeh.

Abbaszadeh said parts of the petrochemical sector were affected by damage to gas processing facilities, utility infrastructure and power plants that supply electricity and steam to petrochemical complexes. Several production units were also directly hit, forcing them out of operation.

He said recovery and reconstruction committees were formed immediately after the incidents to maximize available resources, secure alternative power and steam supplies, and return plants to operation as quickly as possible, with priority given to meeting domestic demand and supporting downstream industries.

A two-month recovery program has been launched, with the first phase scheduled for completion by late June. Abbaszadeh said additional facilities are expected to gradually resume production in the coming months.

He noted that increased petrochemical product supplies in recent weeks have helped stabilize the market. Greater availability has reduced competition on the commodity exchange, and the return of more producers is expected to further ease market pressures.

According to Abbaszadeh, contingency measures developed after last year’s 12-day conflict improved the industry’s preparedness for emergencies. These included identifying priority products, designating backup producers and building strategic inventories of key materials.

He said the polyethylene production chain remained largely unaffected, helping prevent shortages in polymer and plastic products. Market concerns that emerged immediately after the attacks have since eased as production resumed and inventories were released.

“Today, the polymer and plastics market has reached a satisfactory level of stability,” Abbaszadeh said, adding that output of some products currently exceeds domestic demand.

He also said temporary export restrictions imposed after the ceasefire are being eased for products with surplus supply, while restrictions remain in place for products facing limited availability.

News ID 2164871

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