Iran’s National Petrochemical Company (NPC) announced that projects included in the country’s Seventh National Development Plan have achieved an average progress rate of 60 percent, with an estimated total investment requirement of around $26 billion.
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The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.
The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.
The managing director of Hasheminejad Gas Refinery announced that the facility processed more than 6 billion cubic meters of natural gas during the first six months of this year.
Iran’s South Pars gas platforms have completed a comprehensive overhaul program and are now fully prepared to maximize gas production during the cold season, the managing director of the Pars Oil and Gas Company (POGC) said.
The acting head of Fajr Jam Gas Refining Company said the volume of gas sent to flares has dropped by more than 71% since the Iranian year 1398 (2019), helping to reduce greenhouse gas emissions.
The deputy director of operations and support at Pars Oil and Gas Company announced the successful completion of major overhauls on offshore platforms in the shared South Pars field, saying all platforms have now returned to production.
Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.
The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.
The Iranian Vice-Presidency for Science, Technology and Knowledge-Based Economy launched the development of small-scale solar power plants in 22 ministries by using the solar panels manufactured by the country’s knowledge-based companies.
The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.
Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF) and that Tehran’s proposal to upgrade the forum into the “Organization of Gas Exporting Countries” was well received by member states.
The major overhaul of the SPD3 and SPD4 gas platforms in South Pars has been completed with a total of 9,346 man-hours of work and 808 maintenance tasks carried out without incident.
Iranian Oil Minister Mohsen Paknejad described the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) as a crucial event, emphasizing that as the forum’s founder, Iran will present new initiatives designed to safeguard the collective interests of member countries in the long term.
The managing director of the Iranian Offshore Oil Company announced significant progress in the construction of the Abuzar oil field pipeline project, saying a new phase of the field’s development will begin soon if current progress continues.
Iran’s representative has attended the main meeting of the Financial Action Task Force (FATF) in Paris for the first time in six years, following an official invitation from the global anti-money laundering body.
The South Pars Gas Complex supplies 73 percent of Iran’s natural gas, provides feedstock for 65 percent of the nation’s petrochemical plants, produces 45 percent of its gasoline and fuels 60 to 65 percent of power plants, the company’s CEO said Tuesday.
The National Iranian Gas Company is fully prepared for the winter season and will ensure stable gas transmission nationwide through effective management and operational transformation, the company’s managing director, Saeed Tavakkoli, said.
Iran’s Tehran Oil Refinery, one of the country’s oldest and largest facilities, is investing $3.5 billion to modernize operations and produce all fuels—including gasoline, diesel, and jet fuel—in line with stringent Euro 5 environmental standards, its refining engineering chief said.
Bu Ali Sina Petrochemical Complex has successfully completed a major overhaul of key reactors in its aromatic and paraxylene units without halting production, enhancing equipment reliability and operational efficiency.
