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Deputy Min. Outlines NPC Plans
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced the realization of the production plan of the petrochemical industry for the previous calendar year, which ended on March 20, and said: "The NPC status has become much stronger after privatization and can be more dynamic today than before, provided more precise planning, monitoring and control."
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OPEC+ Agrees to Ramp up Output by 400k bpd in April
TEHRAN (Shana) -- The 23 member states of the Organization of the Petroleum Exporting Countries and its allies, the OPEC+ coalition, agreed at their 26th meeting to increase production by 400,000 barrels per day in April.
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26th OPEC+ Meeting Begins
TEHRAN (Shana) -- The 26th meeting of the oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (a Coalition called OPEC+) began a few minutes ago via videoconference.
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Director Projects at NPC Appointed
TEHRAN (Shana) -- The CEO of the National Petrochemical Company appointed Ahmad Shokri as the director of projects of the company.
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Head of NPC Legal Affairs Appointed
TEHRAN (Shana) -- The CEO of the National Petrochemical Company issued a decree appointing Fatemeh Nateghi as the head of legal affairs of the company.
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Petchem Feedstock to double by 2030
TEHRAN (Shana) -- The CEO of the National Petrochemical Company said feedstock supply to petrochemical plants was planned to more than double from an equivalent of 1.1 million barrels per day to 2.6 mbd by 2030.
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Pars Region Petchem Plants Earmark Rls. 3,200b in CSR
TEHRAN (Shana) -- The head of the strategic council of petrochemical companies in the Pars region said the investment of this council in the field of social responsibility will increase to 3,200 billion Iranian rials during the next calendar year which starts on March 21.
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Bandar Imam Petchem Plant Localizes 12,000 Items
TEHRAN (Shana) – Bandar Imam Petrochemical Plant has successfully localized manufacturing of 12,000 items and parts as well as 2,350 mechanical fluids besides inking 8 memoranda of understanding (MoUs) with knowledge-based companies.
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Arvand Petchem Plant Unveils Iranian Decanter Centrifuge
TEHRAN (Shana) -- The Iran-made decanter centrifuge of the suspension PVC unit, which was designed and built for the first time in the country by the order of Arvand Petrochemical Company, was unveiled in the presence of the Vice President for Economic Affairs.
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200 Items Localized at Noori Petroch Plant
TEHRAN (Shana) -- The head of Noori Petrochemical Complex said over 80% of the catalysts and chemicals used in the plant are supplied domestically, adding that over 200 new items have so far been localized in the facility since the beginning of the current Iranian calendar year which began on March 21.
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40% of Oil Export Revenue, Share of NDFI
TEHRAN (Shana) -- The members of the Islamic Consultative Assembly agreed to determine a 40% share for the National Development Fund of Iran (NDFI) in the revenues reaped from the export of crude oil and gas condensate in the budget bill of the calendar year of 1401 which begins on March 21.
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Petchem Deals worth Rls.150t Signed with Local Firms
TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said 200 memoranda of understanding (MoUs) valued at a total of 150,000 billion Iranian rials have been signed between PGPIC subsidiaries and local manufacturers.
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Petchem Firms Supplying $250m to Nima System Weekly
TEHRAN (Shana) -- The Secretary General of the Petrochemical Industry Employers' Association announced an 8.5% growth in production and 8% in exports of petrochemicals year-on-year, saying: "Currently, $250 million of hard currency is being injected into the Nima system by petrochemical companies every week."
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Iran to Double Petchem Output by 2032
TEHRAN (Shana) -- The CEO of the National Petrochemical Company (NPC) announced that the production capacity of Iran's petrochemical output will more than double by 2032.
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Iran Gaining Prominent Status with MOP Efforts
TEHRAN (Shana) – Iranian President Ebrahim Raisi said that today in different parts of the Ministry of Petroleum, the spirit of jihad prevails, adding the measures taken by the ministry can place the country in a superior status not only in west Asia but also the world arena.
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Iran eyes $14b Petchem Revenue
TEHRAN (Shana) – The Deputy Minister of Petroleum for Petrochemical Affairs announced the supply of 12.5 billion dollars from the export of petrochemical products to the Nima system by the end of the current calendar year, which began on March 21, and said: "Export revenue is expected to reach 14 billion dollars by the end of the year in the petrochemical industry.”
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$500m AGP Collection Deals Signed in East Karoon
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said $500 million worth of contracts have so far been signed for collection of associated petroleum gas (APG) for the fields located in the East Karoon region.
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Iran Plast held with Exhibitors from 5 Continents despite Bans
TEHRAN (Shana) -- The director of Iran Plast International Exhibition said: "The 15th edition of this exhibition is being held despite the oppressive sanctions against Iran's oil industry, in the presence of a large number of companies, traders and representatives of foreign countries from five continents."
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Iran Eyes 200 mt/y Petchem Output by 2032
TEHRAN (Shana) -- The Deputy Minister of Petroleum for Petrochemical Affairs said: “The installed capacity of the petrochemical industry will reach more than 140 million tons by the end of the seventh development plan and in a 4-year horizon and by the end of the eighth plan about 200 million tons per year.”
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Min. Highlights Petchem Role in Supplying Hard Currency
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji underlined the role of the petrochemical industry of the country in meeting its need for hard currency.
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15th Iran Plast Int'l Showcase Kicks off
TEHRAN (Shana) -- The 15th Iran Plast International Exhibition started in the presence of Iranian Minister of Petroleum Javad Owji and with the participation of 430 domestic and foreign companies in four groups of raw materials, machinery, manufactured and semi-manufactured goods, and technical and engineering services.
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IranPlast to host 300 Foreign Businesspeople
TEHRAN (Shana) -- The director of the 15th IranPlast International Exhibition said: “This year, the showcase will host 300 merchants from all over the world.”
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Refining Capacity of Hormozgan to hit 1.55 mbd
TEHRAN (NIPNA) – Iranian Minister of Petroleum Javad Owji said that the refining capacity of the southern province of Hormozgan was planned to reach 1.55 million barrels per day.
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CEO of PGPIC Appointed
TEHRAN (Shana) -- The head of the board of directors of the Persian Gulf Petrochemical Industries Company (PGPIC) appointed Abdul Ali Ali Asgari as the CEO of the holding company.
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Iran Eyes $12b in Petchem Sales
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said petrochemical companies are estimated to deposit $12 billion in the NIMA system by the end of the current calendar year, which began on March 21.
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$35 b Petchem Projects Underway
TEHRAN (Shana) -- The CEO of the National Petrochemical Company stated: "We have about 70 projects underway in this industry, which are worth about 35 to 36 billion dollars, and with the help of the Petrochemical Research and Technology Company and knowledge-based companies, we can carry out these plans."
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Paying Attention to Research, Technology Underlying Investment for Present, Future
TEHRAN (Shana) -- The CEO of the Petrochemical Research and Technology Company (PRTC), referring to the contracts that this group has implemented, said: "Iranian technical knowhow can be the driving force for the development of the country's petrochemical industry."
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PRTC Inks 3 Deals
TEHRAN (Shana) – The Petrochemical Research and Technology Company (PRTC) has signed two contracts with Tondgouyan as well as Pouya Pajoohesh Bakhtar petrochemical companies and a memorandum of understanding with Tabriz Petrochemical Company.
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Latest Petchem Research Achievements Unveiled
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji attended a ceremony to unveil the latest research achievements of the Petrochemical Research and Technology Company (PRTC).
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Plant Unveils 1st Medical Item
TEHRAN (Shana) -- Karoun Petrochemical Plant has unveiled its first medical item to be made with polyurethanes and replacing orthopedic plasters.