Value creation through domestic, foreign participation

Strategic investment in petchem industry

SHANA (Tehran) — With the launch of several petrochemical projects in 2025, Iran’s petrochemical industry is entering a new chapter. This sector is expected to play an even more vital role in boosting non-oil exports, securing foreign exchange, creating jobs, and generating added value. However, challenges like international sanctions and funding constraints make it imperative to adopt diversified strategies for attracting both domestic and foreign investment.

Nearly 20 new petchem facilities to boost Iran’s output

SHANA (Tehran) – The director of projects at Iran’s National Petrochemical Company outlined 19 petrochemical projects expected to become operational by the end of the current Iranian year (March 2026). These include 15 production projects and four feedstock supply projects.

Petchem industry crisis production continuity directive issued

SHANA (Tehran) – The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.

Petchem industry committed to meeting approved plans

SHANA (Tehran) – The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.

Convergence, collaboration key to sustainable production in petchem industry

SHANA (Tehran) – The CEO of National Petrochemical Company (NPC) emphasized that cooperation among petrochemical holdings and companies, along with the implementation of NPC’s approved programs during the 12-day imposed war, helped achieve planned objectives in emergency management.

Petchem industry: Iran’s strategic stronghold in times of crisis

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC), in a message, praised the selfless dedication of the industry’s employees during the 12-day attack by the Zionist regime, calling the petrochemical sector a strategic, people-centered institution and a pillar of the country in critical times.

Tabriz Oil Refinery denies attack, says operations normal

SHANA (Tehran) – The Tabriz Oil Refining Company stated that no attack or damage has occurred at the Tabriz refinery and that operational activities are proceeding as usual.

Sustainable development of petchem industry in collaboration with DoE

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized that environmental protection is essential for sustainable development, stating that enhancing cooperation between the petrochemical industry and the Department of the Environment (DoE) is a priority, with joint programs already drafted and submitted.

Privatization in petrochemical industry completed

SHANA (Tehran) - The head of Iran’s Privatization Organization announced the transfer of approximately 65 petrochemical companies to the private sector and non-governmental public institutions, stressing that the government no longer holds a significant stake in the industry. 

NPC:

Full utilization of petchem industry capacity requires $18b investment

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need for stable feedstock supply, stating that addressing challenges and fully utilizing the petrochemical industry’s potential requires an investment of approximately $18 billion.

Petrochemical Research and Technology Company focuses on commercializing technical knowledge

SHANA (Tehran) – The CEO of the Petrochemical Research and Technology Company (NPC-RT) emphasized the localization of technical knowledge for oil industry catalysts in collaboration with new technology-based firms (NTBFs) as the company’s most significant achievement.

Petchem companies invest $5b to collect gas flares

SHANA (Tehran) – The HSE director of Iran’s National Petrochemical Company (NPC) emphasized the industry’s role in reducing flare gas emissions, announcing a $5 billion investment by petrochemical companies to collect flare gases upstream and draft a strategic plan for flare gas management.

Petchem industry accounts for 19% of Iran’s industrial value-added 

SHANA (Tehran) – The petrochemical industry contributes 19% of Iran’s industrial value-added while consuming only 8% of the country’s hydrocarbon resources, said Hamidreza Ajami, investment manager at the National Petrochemical Company (NPC).  

NPC: Special contracts defined for downstream industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the development of the value chain as a key priority for the petrochemical industry in the Seventh Development Plan and the 14th administration’s agenda. He noted that special contracts have been established to expand downstream industries.

University centers play key role in petchem industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of strong, ongoing collaboration between industry and academia, stating that this partnership facilitates the petrochemical industry’s development by leveraging global knowledge and technology.

NPC calls for balanced petchem development, warning against short-term fixes

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to revise the development model of the petrochemical industry, stating that a more comprehensive approach is required to fully integrate the value chain and prevent resource wastage—one that ensures balance across the chain and avoids decisions influenced by short-term considerations.

Tax incentives for AI development in petchem industry

SHANA (Tehran) – The advisor to the CEO of the National Petrochemical Company (NPC) announced efforts to create a data lake to leverage artificial intelligence capabilities in the petrochemical industry, adding that tax incentives have been proposed to accelerate the process.

PIDMCO oversees 25 projects worth $11b amid sanctions

SHANA (Tehran) – The CEO of Petrochemical Industries Development Management Company (PIDMCO) announced that the firm is currently managing 25 projects valued at over $11 billion despite challenging sanctions. Some of these projects are among the largest national initiatives, and their completion is critical for boosting production and strengthening the economy.

Digitalization: A strategic imperative for the future of petchem industry

SHANA (Tehran) – The adoption of cutting-edge technologies and digitalization is a strategic necessity for the future of the petrochemical industry. Given its existing infrastructure and domestic technological capabilities, Iran can solidify its position in this global transformation by developing a cohesive strategy.

Bandar Imam Petrochemical Complex ranks first in Iran’s petrochemical production

SHANA (Tehran) – The Bandar Imam Petrochemical Complex produced more than 4.87 million tons of products in the Iranian calendar year 1403 (2024-25), achieving an 8% growth and securing the top production rank among Iran’s 72 active petrochemical plants, according to the National Petrochemical Company.

Stability in PVC market as Arvand Petrochemical boosts production

SHANA (Tehran) – Arvand Petrochemical has significantly increased production of various PVC grades by addressing challenges and implementing development strategies, playing a key role in stabilizing Iran’s PVC market.

Karun Petrochemical Complex sets monthly isocyanate production record

SHANA (Tehran) – The manager of Karun Petrochemical Complex announced that the facility broke Iran’s monthly isocyanate production record over the past four years.

Petchem industry development focused on southern coasts: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) said the petrochemical industry is expanding along the coasts of the Persian Gulf and the Sea of Oman due to favorable infrastructure and access to open waters, with new investors being concentrated in the Makoran region.

Abadan petrochemical production resumes

SHANA (Tehran) – The utility and PVC units of the Abadan Petrochemical Complex have resumed production after resolving operational challenges.

Head of judiciary highlights forex savings through sustainable production

SHANA (Tehran) – During a visit to Hegmataneh Petrochemical in Hamedan on Monday, Judiciary Chief Gholamhossein Mohseni-Ejei emphasized the importance of reviving production units across the country, particularly this year, which has been designated as the "Year of Investment in Production."

Karoun Petrochemical Company production grows 17%

SHANA (Tehran) – The CEO of Karoun Petrochemical Company announced a 17.4% increase in production in 1403 compared to 1402.

NPC: 18 petchem projects nearing operation

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the year 1404 (2025-2026) will be the peak year of the Seventh Development Plan (2024-28), with around 18 projects worth a total of $5 billion set to become operational.

Petchem production capacity to increase by 9m tons

SHANA (Tehran) - The production capacity of Iran’s petrochemical industry is expected to rise by approximately 9 million tons by 1404, according to the National Petrochemical Company’s production control manager.

Petchem industry supports attracting new investments

SHANA (Tehran) - The caretaker of the investment management department at the National Petrochemical Company (NPC) said attracting new investments in the "Year of Investment for Production" is a key strategy aimed at boosting output and completing the value chain, adding that NPC is ready to offer full cooperation and support in this effort. 

Ilam's Arghavan Gostar Petrochemical Project nears launch

SHANA (Tehran) - The extruder unit of Ilam's Arghavan Gostar Petrochemical Project has reached its final testing phase.