Shana

RIPI ready to help meet Oil Ministry goals under Seventh Development Plan

SHANA (Tehran) – The head of the Research Institute of Petroleum Industry said the institute is prepared to play a key role in meeting the Ministry of Petroleum’s commitments under Iran’s Seventh Development Plan by linking research to technology and production.

Petrochemicals play key role in boosting non-oil exports

SHANA (Tehran) – The secretary-general of Iran’s Petrochemical Industry Employers Association said activating idle capacity in the petrochemical sector is critical to economic growth, noting that under the country’s Seventh Development Plan, non-oil exports must rise by 23% annually and the industry can play a major role in achieving that target.

Half of required petchem investment secured under Seventh Development Plan

SHANA (Tehran) – The head of the National Petrochemical Industries Company said about half of the investment needed for petrochemical projects under Iran’s Seventh Development Plan has been secured, underscoring the strategic importance of the value-creating industry.

Petchem firms invest to manage gas use, secure stable feedstock

SHANA (Tehran) – The head of the National Petrochemical Industries Company said petrochemical companies are focusing on cutting natural gas consumption in three northern provinces, a move expected to reduce usage by about 2 million cubic meters per day during the months-long program and help ensure a stable supply of feedstock.

Petrochemical sector targets 260 mcm cut in gas use

SHANA (Tehran) – The National Petrochemical Industries Company has set a target to cut natural gas consumption in Iran’s petrochemical sector by 260 million cubic meters, its energy optimization director said, stressing the effort is aimed at preventing waste rather than reducing public welfare.

Gas deliveries to petchem industry up 19.4%

SHANA (Tehran) – The head of the National Iranian Gas Company said gas deliveries to the petrochemical industry rose 19.4% above the company’s commitments despite the onset of colder weather this fall.

PGPIC reports 7% production growth

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the company’s production rose 7 percent last year as a result of research and development investments. He added that technology and innovation generated 590 trillion rials in additional operating revenue and cut operating costs by 180 trillion rials.

Aging petchem plants risk losing global competitiveness without upgrades

SHANA (Tehran) – Mahmoud Aminnejad, deputy for development and business at Persian Gulf Petrochemical Industries Company, said that continuing to operate Iran’s 60-year-old petrochemical units without modernization and technological upgrades will push them out of the global competitive cycle and even make them unprofitable.

NPC: Production focus should not hinder tech development in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company said the industry must deepen its focus on research and domestic manufacturing, emphasizing that years of dealing with production issues, feedstock concerns and daily operational challenges have diverted attention from solving the sector’s technological problems.

Trust in domestic capacity key to supplying $2b in petchem equipment

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) highlighted the industry’s annual need for roughly $2 billion in foreign-made equipment and said building confidence in domestic manufacturers can turn Iran into a large national production hub.

Petrochemical companies lead in environmental protection

SHANA (Tehran) – The secretary-general of Iran’s Petrochemical Employers Association said preventing pollution and advancing development projects through modern global technologies represent a strategic step toward national progress. He added that the petrochemical sector must move toward balanced growth by relying on skilled and specialized human resources.

Tapping idle capital to finance petchem growth

SHANA (Tehran) – The deputy head of Parliament’s Industries and Mines Committee emphasized legislative support for the petrochemical sector, saying fundamental steps must be taken to expand various segments of the industry and attract idle capital to finance its development projects.

Call to revive production, remove barriers at Abadan Petrochemical Company

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the need to remove existing obstacles and revive production at the Abadan Petrochemical Company to meet downstream industry demand and strengthen the petrochemical value chain.

Iran expanding petrochemical exports to Eurasian market

SHANA (Tehran) – The head of the National Petrochemical Company said Iran is increasing its petrochemical exports to Eurasian markets.

Fulfilling social responsibilities with a targeted approach

SHANA (Tehran) – The CEO of the National Petrochemical Company underscored the central role of the Strategic Council of the Mahshahr Petrochemical Special Economic Zone in advancing the social responsibilities of petrochemical companies in the region, saying budget allocation and implementation of these commitments must be carried out precisely and with clear objectives.

Gas savings in petchem sector hit 1.7 bcm

SHANA (Tehran) – The National Petrochemical Company’s energy optimization director says Iran’s petrochemical industry has saved 1.7 billion cubic meters of natural gas over the past four years through efficiency projects. He added that the sector is targeting annual savings of more than 200 million cubic meters this year.

Strengthening private sector a key policy in Seventh Development Plan

SHANA (Tehran) — Executive Vice President described strengthening the private sector as a cornerstone of the country’s Seventh Development Plan, saying that transferring industry and production to private hands will pave the way for national progress.

Operation of 2 Petrochemical Projects

Attracting private investment remains a priority

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized the industry’s commitment to the private sector’s role in petrochemicals, saying attracting genuine private investment is one of the company’s main policies. “We must facilitate and support investors to make their path smoother,” he added.

Appointment of acting public relations chief at NPC

SHANA (Tehran) – The National Petrochemical Company appointed Peyman Karimi as acting head of public relations, the company announced.

NPC appoints acting head of IT, communications

SHANA (Tehran) – The CEO of the National Petrochemical Company appointed Shahram Rezaei as acting director of the company’s Information and Communications Technology Department.

Petchem sector meets all first-year goals of Seventh Development Plan

SHANA (Tehran) – The head of Iran’s National Petrochemical Company said the petrochemical industry achieved 100% of its first-year targets under the Seventh Development Plan and called for stricter safety inspections and stronger process-safety systems.

Gov’t reviewing classification of petchem raw, semi-processed products

SHANA (Tehran) – The Iranian government is re-evaluating the list of petrochemical raw and semi-processed materials, the head of the National Petrochemical Company (NPC) said.

Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Formation of seventh development plan committee at NPC

SHANA (Tehran) – The National Petrochemical Company (NPC) has established a specialized committee dedicated to the implementation of Iran’s Seventh Development Plan, emphasizing its importance for the petrochemical sector, the company’s CEO announced.

Generative AI: A new path to value creation in petchem industry

SHANA (Tehran) – The head of information systems and digital transformation at the National Petrochemical Company (NPC) highlighted the need to integrate artificial intelligence into the petrochemical industry, saying generative AI can help design, evaluate and execute production scenarios and goals simultaneously, while also supporting marketing and new product development.

Digital mindset key to petrochemical industry’s growth

SHANA (Tehran) – Hossein Alimorad, director of planning and development at the National Petrochemical Company (NPC), emphasized the need to redefine governance structures and institutions to achieve digital governance, saying that fostering a digital-oriented mindset is essential for realizing digital transformation.

NPC, ICT Ministry collaborate on education equity, smart schools

SHANA (Tehran) – The National Petrochemical Company (NPC) has been tasked by the president to work with the Ministry of Information and Communications Technology (ICT) on promoting education equity and smart schools, NPC Managing Director Hassan Abbaszadeh announced. The initiative is currently underway, with results expected in the coming months.

Research and tech: Petchem industry’s smart development arm

SHANA (Tehran) — The National Petrochemical Company’s (NPC) managing director described the Petrochemical Research and Technology Company (PRTC) as a valuable asset for the industry and called for the optimal use of its knowledge-based capacities to advance the sector.

Energy management system to be implemented in petchem industry

SHANA (Tehran) – Ali Rabani, director of energy consumption optimization at the National Petrochemical Company (NPC), announced plans to implement an energy management system across Iran’s petrochemical industry. He urged holding companies and petrochemical firms to make full use of available resources for the system’s deployment.

Land use planning decree for petrochemical industry enforced

SHANA (Tehran) – The executive decree on land use planning for the petrochemical industry has been officially communicated to petrochemical holding companies and firms, according to the National Petrochemical Company (NPC).