Shana

MP: Issues facing Abadan Petrochemical Company to be addressed

SHANA (Tehran) – The head of the Energy Committee of the Parliament stated that efforts are underway to resolve the challenges and obstacles facing the Abadan Petrochemical Company, emphasizing that its production is a critical national need.

Most comprehensive park of methanol chain launched at Mehr Tab Parsian Petrochemical

SHANA (Tehran) – The CEO of Mehr Tab Parsian Petrochemical Company described a project by his company as the most comprehensive park for producing methanol-derived products, aimed at completing the methanol production chain within subsidiary companies.

Third PetroTech Conference:

Technology in oil industry for boosting national wealth

SHANA (Tehran) – The deputy minister of oil for engineering, research, and technology stated that the Third PetroTech Conference is an opportunity for synergy between the oil industry, new technology-based firms (NTBFs), and researchers.

12 petchem projects underway in Kangan

SHANA (Tehran) – The CEO of the National Petrochemical Industries Company announced that 12 petrochemical projects, valued at $10 billion, are currently being implemented in Kangan.

Petrochemical industry capacity to increase by 37m tons

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that 28 petrochemical projects are currently underway in the Asaluyeh and Kangan regions.

President inaugurates polymer production units at Padjam Polymer Development Company

SHANA (Tehran) – Production lines 3,000 and 4,000 of the ABS unit at Padjam Polymer Development Company were inaugurated via video conference under the directive of President Masoud Pezeshkian.

Bandar Imam Petrochemical Company invests $150m in Hoveyzeh Persian Gulf Refinery

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Company announced the construction of two pipelines and the completion of the second phase of the Hoveyzeh Persian Gulf Gas Refinery, funded by a $150 million investment from the company.

Petchem industry aims to complete value chain, reduce raw material sales: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the industry's goal is to complete the value chain and reduce the sale of raw materials.

Continuous monitoring brings stability to petchem market: NPC

SHANA (Tehran) – The deputy oil minister emphasized that continuous monitoring and accurate reporting on the petrochemical market’s conditions help stabilize the market.

NPC:

Petchem industry plays key role in energy consumption optimization

SHANA (Tehran) – The deputy minister of oil emphasized the importance of optimizing energy consumption, stating that addressing imbalances and ensuring a stable supply of feedstock for industries requires broad societal cooperation and a shift in consumer behavior.

Petchem Industry: A key player in Iran’s economy

SHANA (Tehran) – Iran’s petrochemical industry has made significant strides over the past four decades, not only surpassing domestic needs but also becoming one of the country’s most vital sources of foreign currency. The industry now generates an annual revenue exceeding $23 billion.

Financial challenges resolved for incomplete petrochemical projects

SHANA (Tehran) – The CEO of Shastan Commercial Investment Company announced that the financial challenges for the second phase of incomplete petrochemical projects, including Bushehr Petrochemical, Negin Makran Petrochemical Development Company, Badr Shargh Petrochemical Complex, and Negin Bandar Abbas Petro Refinery, have been addressed.

Diversify petrochemical feedstock, urges NPC chief

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify the feedstock basket for petrochemical plants to ensure sustainable production as new projects come online.

NPC head:

Petchem industry embodies oil sector's value chain

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) highlighted the leap in the petrochemical industry’s growth, aligned with the reduction of crude oil sales, as the most significant achievement in the oil industry’s value chain, stating that “The petrochemical industry embodies the oil industry’s value chain.”

Petchem industry continues bright path of Islamic Revolution: NPC

SHANA (Tehran) – The deputy minister of oil, in a message, emphasized that the petrochemical industry today continues the bright path of the Islamic Revolution, stating that every success and forward step in this industry is a continuation of the great popular movement.

Urmia Petrochemical Company to launch PAC plant

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Complementary Industries Development and Investment Group (PGPDIG) announced that the Urmia Petrochemical Company's polyaluminum chloride (PAC) production project, set to become the largest such facility in the country, is nearing operational status.

Shahid Tondguyan Petrochemical Company to gain self-sufficiency in catalyst production

SHANA (Tehran) – Shahid Tondguyan Petrochemical Company is preparing to celebrate its self-sufficiency and independence from foreign catalyst purchases following the signing of a memorandum of understanding (MoU) to produce two catalysts, cobalt acetate and manganese acetate.

Deputy oil minister stresses need to institutionalize AI in petrochemical industry

Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.

Petrochemical sector enjoys high potential in leveraging AI: VP

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy stated that the petrochemical industry, given its activities and favorable capacities, can achieve significant milestones in the use of artificial intelligence (AI).

Tripartite agreement signed to develop AI in petchem industry

SHANA (Tehran) – A cooperation agreement to develop an artificial intelligence assistant for the petrochemical industry was signed on Saturday among Hossein Afshin, vice president for science, technology, and knowledge-based economy; Hassan Abbaszadeh, CEO of the National Petrochemical Company; and Abbas Mousavi, President of Sharif University of Technology.

Securing Mahshahr petrochemical feedstock via Maroon, Ahvaz fields

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that negotiations are underway to develop the Maroon Khami and Ahvaz Khami fields, stating that the development of these fields will ensure a long-term supply of feedstock for petrochemical plants in the Mahshahr region.

NPC announces $30b petrochemical investment in Mahshahr Region

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced an $80 billion investment in the petrochemical industry, stating that $30 billion of it has been allocated to the Mahshahr region.

NPC:

Full capacity must be used to reduce unprocessed material sales

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the company is ready to support industry players working to complete the value chain, emphasizing the need to utilize all available capacities to reduce the sale of raw materials.

Petrochemical industry exports reach $10b in nine months: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company announced that the industry has exported $10 billion worth of products in the first nine months of the current Iranian calendar year (March 20–December 20, 2024), with projections estimating this figure will reach $13 billion by yearend (March 20).

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.

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.