petchem

  • Petrochemical Special Economic Zone to develop through value chain completion

    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.

  • MoU inked on leveraging petchem industry to manage gas consumption

    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.

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

    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.

  • Petchem value chain completion easy task

    Petchem value chain completion easy task

    Completing the value chain of the petrochemical industry is crucial for Iran. From the standpoint of value creation, it would be possible to enhance national revenue by supplying petrochemical products of high value-added. On the other hand, it would be possible to develop the petrochemical industry to end dependence on imports for supplying domestic needs, which would in turn reduce dependence on crude oil and natural gas sales. The petrochemical projects operated under the 13th administration are all aimed at value chain completion. Implementation of these projects would result in the supply of 21 products in line with the value chain completion. National Petrochemical Company (NPC) expects to accelerate implementation of these projects by engaging holdings and investors.