Aligning corporate interests with petrochemical utility pricing arbitration

SHANA (Tehran) – The CEO of Arya Sasol Polymer Company said transferring authority for utility pricing arbitration to the National Petrochemical Company (NPC) reflects recognition of the petrochemical industry’s role in the national economy and, if properly implemented, could strengthen a development-oriented approach at companies and align government and corporate interests.

A 47-year record: How petrochemical industry became a driver of non-oil economy

SHANA (Tehran) - Over the past 47 years, Iran’s petrochemical industry has gradually moved away from crude oil and gas sales and emerged as one of the country’s main engines of non-oil economic growth. With production capacity expanding more than 33-fold, exports rising sharply and export value increasing nearly 194 times, the sector now plays a central role in generating sustainable foreign currency revenue, completing value chains and strengthening the economy against volatility in global oil markets.

Utilities pricing arbitration seen as step toward smarter petrochemical regulation

SHANA (Tehran) – The vice chairman of Parliament’s Energy Committee said arbitration over the pricing of auxiliary services marks a move toward smarter regulation in Iran’s petrochemical industry and could pave the way for an independent regulator aligned with international energy governance standards.

Phase 2 of Bushehr Petrochemical Plant begins operations

SHANA (Tehran) – The olefin, monoethylene glycol, and offsite utility units of the Bushehr Petrochemical Plant, representing a total investment of $1 billion, were inaugurated by order of the president.

Petrochemical production capacity hits 100m tons per year

SHANA (Tehran) – Iran's annual petrochemical production capacity has increased by about 3.7 million tons to 100 million tons under the 14th administration, Oil Minister Mohsen Paknejad said Tuesday.

Petchem industry reaches 100-million-ton mark, celebrates new projects

SHANA (Tehran) – The CEO of the National Petrochemical Company announced the operational launch of several major production and infrastructure projects in the petrochemical industry, coinciding with the Ten Days of Fajr celebrations. He stated that with these inaugurations, the industry can celebrate reaching an annual production capacity of 100 million tons.

Historic arbitration ends long-running petrochemical pricing dispute

SHANA (Tehran) – A senior Oil Ministry official said a landmark arbitration ruling that assigns oversight of auxiliary services pricing to the National Petrochemical Company has ended one of the industry’s longest-running disputes and set a new framework for state–private sector interaction.

Sovereign ruling seen as bolstering stability of petchem industry

SHANA (Tehran) — The head of National Petrochemical Company said a sovereign ruling granting the company authority to set prices for ancillary services followed months of consensus-building and regulatory efforts and is expected to help stabilize the strategic industry and its role in the national economy.

Oil Ministry pursues solutions for petchem industry challenges

SHANA (Tehran) – The Ministry of Oil is actively pursuing solutions to the challenges facing the country's petrochemical sector.

Petchem production, exports rise in first eight months of 1404

SHANA (Tehran) – The head of the National Petrochemical Company said petrochemical production and exports increased in the first eight months of the current Iranian year despite constraints caused by wartime conditions.

Paknejad: Petrochemical investment in gas fields key to securing feedstock

SHANA (Tehran) – Oil minister emphasized the petrochemical industry’s role as a key economic driver, saying one way to ensure a stable supply of feedstock is for petrochemical companies themselves to invest in developing gas fields—an approach that has been welcomed and is supported by appropriate legal frameworks.

Petchem firms fetch $6.7b in forex to Iran

SHANA (Tehran) – The secretary-general of the Petrochemical Industry Employers Association said petrochemical companies supplied $6.7 billion in foreign currency to Iran’s Gold and Currency Exchange Center in the first nine months of the current year.

Petchem industry a symbol of national self-reliance

SHANA (Tehran) – The petrochemical industry, relying on domestic capabilities and the completion of value chains, plays a key role in creating added value, generating employment and supplying foreign currency for the country, Iran’s deputy oil minister said.

Supporting domestic manufacturers, a national strategy for petrochemical industry

The head of research, technology and domestic manufacturing at the National Petrochemical Company (NPC) said greater use must be made of the private sector’s dynamic capacity to manufacture equipment for the oil industry, stressing that support for domestic manufacturers and self-sufficiency in producing equipment and parts needed by the petrochemical sector is being strengthened as a national strategy.

Oil engineers association head:

Focus on 20% of activities can deliver 80% of value

SHANA (Tehran) — Focusing on key priorities is essential to boosting value creation in Iran’s oil industry, the head of the Iranian Oil Engineering Association said, citing the 80-20 rule.

Petchem industry from 1964 to 2025: A clear path of development

SHANA (Tehran) – Coinciding with the eighth of Dey (December 29), National Petrochemical Industry Day, the CEO of the National Petrochemical Company reviewed the 61-year history of the industry and examined its key milestones across three phases—“the beginning,” “the period of maturity,” and “the current stage.” He said that, fortunately, a roadmap for the petrochemical industry has been prepared through the end of the Eighth Development Plan and even for a 25-year horizon beyond that.

Petrochemicals emerge as a key driver of wealth creation

SHANA (Tehran) – A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.

Petrochemical firms return 98% of forex to economy

SHANA (Tehran) – Iran has recovered more than 98% of foreign currency earnings from petrochemical companies, the deputy oil minister for petrochemical affairs said, noting an improvement from last year.

Petchem firms lead in process safety management

SHANA (Tehran) – Petrochemical companies have taken the lead in implementing process safety management systems, and the approach should be expanded across the oil industry, the Oil Ministry’s HSE chief said.

HSE decisions must be made in an integrated manner

SHANA (Tehran) — The CEO of the National Petrochemical Industries Company (NPC) described health, safety and environment (HSE) as an organizational value and said decisions in this area must be made in an integrated manner and aligned with national interests.

Gas sales to petrochemicals fund major share of subsidy program

SHANA (Tehran) – A senior oil official said a substantial portion of the country’s targeted subsidy funding is generated from natural gas sales to industry—particularly petrochemical producers—underscoring the sector’s role in financing public welfare programs.

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.

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.