Shana

Association head:

Petchem industry exports hit $10b

SHANA (Tehran) – The Secretary-General of the Petrochemical Industry Employers Association announced that petrochemical companies have earned $10 billion in forex revenue since the beginning of the current Iranian year (March 20, 2024), $8.5 billion of which supplied to the NIMA currency system.

Kish can become petrochemical technology hub: Official

SHANA (Tehran) – The managing director of the Kish Free Zone Organization said Kish is well-positioned to become a technological hub for the oil, gas, and petrochemical industries.

AI center for oil, gas industries to be built on Kish Island

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy announced the construction of the first technology park and artificial intelligence (AI) center as a research and development hub for the oil and gas industries on Kish Island.

PGPIC:

Strengthening regulatory role key to resolving petchem value chain fragmentation

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) described the fragmentation of the petrochemical industry’s value chain as a major challenge, emphasizing that building consensus and strengthening the regulatory role, alongside a sustained focus on domestic production, are crucial solutions for the industry and the country’s economic growth.

NPC urges access to new markets for expanding petchem exports

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of utilizing all available capacities in the country to develop and diversify export markets with the goal of expanding exports.

Petchem investment to address 220 mcm gas shortfall

SHANA (Tehran) –The secretary-general of the Petrochemical Employers Association emphasized that the petrochemical industry is focusing on investing in oilfields, stating that the implementation of 10 memorandums of understanding (MoUs) between the National Iranian Oil Company (NIOC) and petrochemical holdings will help address the country’s gas imbalance by adding 220 million cubic meters of gas.

Optimization plans offer quick solution for sustainable feedstock supply in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stressed that optimization projects are a faster and more effective way to secure gas savings for a sustainable feedstock supply to the petrochemical industry.

Bushehr Petrochemical Company produces nearly 3m tons of products in nine months

SHANA (Tehran) – Bushehr Petrochemical Company produced approximately 3 million tons of petrochemical products and over 547 million cubic meters of utility services in the first nine months of the current Iranian year (started March 20, 2024).

MoU signed on managing gas consumption

SHANA (Tehran) – The National Petrochemical Company (NPC) and Zagros Petrochemical Company signed a memorandum of understanding (MoU) to leverage Zagros Petrochemical's resources in support of a campaign aimed at reducing household and commercial gas and electricity consumption by 10%.

Minister:

Leveraging petrochemical refineries to reduce crude exports

SHANA (Tehran) – The minister of oil discussed plans to reduce crude oil exports, emphasizing the importance of petrochemical refineries and mini-refineries.

BIPC petrochemicals exports up 35%

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) exported 1.006 million tons of products in the first nine months of the current Iranian year, marking a 35% increase compared to the same period last year.

Arvand Petrochemical Company saving 10 mcm of gas annually

SHANA (Tehran) – Arvand Petrochemical Company has achieved annual savings of 10 million cubic meters of natural gas by using advanced nanotechnology and aerogel insulation for the first time in Iran’s petrochemical industry.

Iran’s petchem industry generates $16b despite sanctions: MP

SHANA (Tehran) – The head of the Parliamentary Oversight Board on the Oil, Gas, and Petrochemical Industries announced that this year marks the 60th anniversary of Iran’s petrochemical industry, which has achieved the remarkable milestone of generating approximately $16 billion in revenue for the country despite sanctions.

Completing value chain, a strategic goal for Iran’s petchem industry: NPC

SHANA (Tehran) – The director of production control at the National Petrochemical Company emphasized that Iran's petrochemical industry can accelerate its development and growth by leveraging global knowledge and technology to align with its strategic goal of completing the value chain. 

IGTC:

Stable gas supply maintained during first week of winter

SHANA (Tehran) – The CEO of the Iran Gas Transmission Company (IGTC) announced that natural gas supply has remained stable during the first week of winter, with maximum operational efforts underway to address a gas leak at the Shahid Mostafavi gas pressure-boosting station.

Abadan Refinery contained minor fire in decommissioned pipelines

SHANA (Tehran) – A minor fire in decommissioned oil product pipelines at the Abadan Refinery was brought under control in less than 30 minutes, thanks to the prompt response of refinery firefighters.

Innovation and Prosperity Fund:

NTBFs could lead petrochemical industry innovation

SHANA (Tehran) – The head of the Innovation and Prosperity Fund emphasized that new technology-based firms (NTBFs) can utilize tax incentives to become a driving force for innovation in major industries like petrochemicals.

NPC:

Survival of petrochemical industry dependent on innovation

SHANA (Tehran) – The managing director of the National Petrochemical Company (NPC) emphasized that the survival of the petrochemical industry relies on innovation, adding that this sector presents a significant market opportunity for domestic manufacturers.

NPC:

Petrochemical Special Economic Zone to develop through value chain completion

SHANA (Tehran) – A deputy minister of oil emphasized the critical role of the petrochemical industry in the nation’s economic and industrial development, announcing that the second phase of the Petrochemical Special Economic Zone will be established with a focus on balanced growth and completing the value chain.

Acting HSE director of Oil Ministry:

Petrochemical companies enjoy leading status in HSE

SHANA (Tehran) – The acting director of the Health, Safety, and Environment (HSE) Department at the Oil Ministry stated that petrochemical companies consistently lead in HSE due to their strong performance in this field.

MoU inked on leveraging petchem industry to manage gas consumption

SHANA (Tehran) – A memorandum of understanding on “Collaboration for a 10% reduction in gas and electricity consumption in residential and commercial sectors” was signed between the National Iranian Gas Company (NIGC) and the National Petrochemical Company (NPC) to promote energy efficiency and consumption management.

PGPIC head:

Int’l collaboration key to advancing petchem industry

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company emphasized the need to expedite the completion of downstream units to enhance the value chain, highlighting the critical role of international collaboration in the development of the petrochemical sector.

PGPIC CEO:

Investing in R&D key to petchem industry growth

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said that investment in research and development (R&D) is a key driver behind the growth of major global companies and highlighted the need for forward-thinking approaches to creating wealth in the petrochemical industry.

Vice president:

Iran to initiate smart tech movement in petchem industry

SHANA (Tehran) – The vice president for science, technology, and knowledge-based economy said that his office is fully prepared to launch the artificial intelligence (AI) movement in the petrochemical industry by utilizing emerging technologies, particularly AI, to enhance productivity and reduce production costs.

Overhaul of Bandar Abbas Oil Refinery completed

SHANA (Tehran) – The managing director of Bandar Abbas Oil Refining Company in southern province of Hormuzgan announced the successful completion of major maintenance operations on the refinery’s viscosity reduction and gasoline treatment units within 22 days.

Refining, distribution sector pioneers AI-based projects

SHANA (Tehran) – The head of IT at the National Iranian Oil Refining and Distribution Company (NIORDC) highlighted the growing role of artificial intelligence (AI) in the oil and gas industry, stating it is poised to transform all facets of the sector.

Bandar Imam Petrochemical Company breaks eight-year record for feedstock intake

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) set an unprecedented record for daily feedstock intake during the cold season over the past eight years, receiving more than 82,000 barrels of NGL feedstock daily.

Iran to Launch 15 Petchem Projects by Yearend: NPC Chief

SHANA (Tehran) -- Iran is to launch 15 petrochemical projects by the end of the current Iranian calendar year (to end on March 20, 2025), said the managing director of National Petrochemical Company of Iran (NPC) here on Saturday.

Petchem Industry Greatest Market for Iranian Manufacturers

SHANA (Tehran) – Petrochemical projects and complexes are greatest markets for Iranian manufacturers, said The CEO of the National Petrochemical Company (NPC) here on Wednesday.