Abbaszadeh
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NPC CEO visits Oil Ministry’s media
SHANA (Tehran) -- The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, pays a visit to the oil ministry’s media newsroom on Sunday, May 11, on the sidelines of the 29th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2025.
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NPC CEO attends a press conference
SHANA (Tehran) -- The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, participates in a press conference here on Sunday, May 11, on the sidelines of the 29th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show 2025.
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Iran petchem output capacity set to hit 110 mt/y
Iran’s petrochemical industry is a key non-oil revenue generator. Despite oil sanctions, Iranian petrochemical manufacturers have managed to find new markets and have invested in the downstream sector to earn Iran hard currency revenue. Iran’s petrochemical industry production capacity stands at 92 million tonnes a year (mt/y). So far, $85 billion have been invested in this industry. The National Petrochemical Company (NPC) plans to invest another $15 billion within two years to bring the production capacity to 110 mt/y. Hassan Abbaszadeh, NPC’s director of planning and development, told Iran Petroleum the country's petrochemical production capacity would reach 200 mt/y by the end of the 8th National Economic Development Plan.