PETROCHEMICAL Feed Atom

South Korea approves first petrochemical restructuring deal as supply glut weighs

3 weeks ago

25 February 2026

5:22 AM

South Korea's industry ministry said on Wednesday it has approved the country's first petrochemical industry restructuring project, offering a support package worth more than 2 trillion won ($1.39 billion) to help companies weather a prolonged sector downturn.

Oil Ministry eases path for petrochemical investment in upstream gas fields

3 weeks ago

24 February 2026

4:03 AM

Iran’s petrochemical industry has begun investing directly in upstream gas field development after the Oil Ministry streamlined licensing and contract procedures, industry officials said, calling the shift a turning point in cooperation with the private sector.

The Clean Ground Flare at Persian Gulf Sadaf Petrochemical Successfully Commissioned

3 weeks ago

23 February 2026

4:02 AM

Iran’s first ground-based and clean flare in the petrochemical industry has been successfully commissioned at the Persian Gulf Sadaf Petrochemical Complex, bringing this strategic project to the threshold of receiving feedstock.

NPC: Petrochemical capacities should become social capital

3 weeks ago

21 February 2026

2:32 PM

The head of the National Petrochemical Company said public relations plays a strategic role in aligning the petrochemical industry’s capacities, adding that PR units can help transform scattered achievements into a source of hope for society and industry stakeholders.

Gas restrictions lifted for petrochemical complexes

4 weeks ago

16 February 2026

8:15 AM

The National Petrochemical Company said it has fully lifted gas restrictions for petrochemical complexes, allowing companies to receive feedstock at their required capacity.

Stability in petrochemical decision-making to be ensured

1 month ago

14 February 2026

7:17 AM

The CEO of Nouri Petrochemical Company emphasized the strategic and supervisory role of the National Petrochemical Company in the sector, saying investors are seeking stability in policymaking and decision-making in the petrochemical industry.

Gov’t prioritizes petrochemicals through utility pricing oversight

1 month ago

13 February 2026

7:53 AM

The CEO of PetroFarhang Holding said the transfer of utility pricing arbitration to the National Petrochemical Company underscores the 14th Government and Ministry of Petroleum’s special attention to the petrochemical sector and the private industry. He added that stable and fair utility pricing fosters trust among private investors.

Iran’s petchem industry: 79 plants with 100m tons of nominal capacity

1 month ago

11 February 2026

7:56 AM

Iran’s petrochemical industry, operating 79 production complexes, has reached a nominal production capacity of more than 100 million metric tons per year, emerging as one of the main pillars of the country’s non-oil economy.

Aligning corporate interests with petrochemical utility pricing arbitration

1 month ago

10 February 2026

9:21 AM

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.

Pricing arbitration opens path to specialized dispute resolution in petrochemicals

1 month ago

7 February 2026

7:46 AM

The CEO of Persian Gulf Petrochemical Complementary Industries Investment and Development Group (Petrol) said the transfer of arbitration over utility service pricing to the National Petrochemical Company marks a starting point for broader use of specialized arbitration mechanisms in the petrochemical industry.

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

1 month ago

3 February 2026

11:01 AM

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.

1,700 NTBFs partner with NPC

2 months ago

29 January 2026

5:22 AM

More than 1,700 new technology-based firms (NTBFs) and domestic manufacturers are now working with Iran’s petrochemical industry, with more than 120 trillion rials ($12 trillion tomans) allocated last year to expand these capabilities, an industry official said.

Oil Ministry pursues solutions for petchem industry challenges

2 months ago

28 January 2026

4:21 AM

Ministry of Oil is actively pursuing solutions to the challenges facing the country's petrochemical sector.

NPC sets to increase petchem production capacity by 130m tons

2 months ago

20 January 2026

8:08 AM

The head of Iran’s National Petrochemical Company (NPC) stated that the company has set a goal of increasing petrochemical production capacity by over 130 million tons under the Seventh National Development Plan.

Iran’s NPC Says Balanced Petrochemical Development Must Be a Strategic Priority

2 months ago

19 January 2026

12:50 PM

Iran’s National Petrochemical Company (NPC) CEO Hassan Abbaszadeh has called for a fundamentally balanced development across the country’s petrochemical value chain, warning that uncoordinated growth between upstream and downstream segments undermines efficiency and value creation in Iran’s vital petrochemical sector.

Iran’s Ariasasol Polymer Company Saves $408,000 Annually Through Burner Gas Recovery Plan

2 months ago

5 January 2026

4:32 AM

Iran’s Ariasasol Polymer Company has achieved approximately $408,000 in annual savings by capturing and reusing valuable burner gas that was previously wasted during plant maintenance, significantly reducing emissions and technical losses, the company announced.

Petchem projects under 7th development plan near 60% completion

3 months ago

29 December 2025

5:30 AM

Petrochemical projects under Iran’s Seventh National Development Plan are about 60 percent complete, with all first-year targets for the sector achieved in 2024, the head of the National Petrochemical Company (NPC) said.

Petrochemicals emerge as a key driver of wealth creation

3 months ago

29 December 2025

5:14 AM

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.

HSE decisions must be made in an integrated manner

3 months ago

25 December 2025

6:52 AM

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.

Over $24b to be invested in Iran’s petrochemical sector

3 months ago

23 December 2025

4:14 AM

Iran’s petrochemical industry has invested more than $95 billion to date in the sector, with a further $24 billion in new investment planned under the country’s seventh National Development Plan, the head of the National Petrochemical Company (NPC) said on Sunday.

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Latest News of Oil, Gas and Petrochemical industry

PETROCHEMICAL Feed Atom

South Korea approves first petrochemical restructuring deal as supply glut weighs

Oil Ministry eases path for petrochemical investment in upstream gas fields

The Clean Ground Flare at Persian Gulf Sadaf Petrochemical Successfully Commissioned

NPC: Petrochemical capacities should become social capital

Gas restrictions lifted for petrochemical complexes

Stability in petrochemical decision-making to be ensured

Gov’t prioritizes petrochemicals through utility pricing oversight

Iran’s petchem industry: 79 plants with 100m tons of nominal capacity

Aligning corporate interests with petrochemical utility pricing arbitration

Pricing arbitration opens path to specialized dispute resolution in petrochemicals

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

1,700 NTBFs partner with NPC

Oil Ministry pursues solutions for petchem industry challenges

NPC sets to increase petchem production capacity by 130m tons

Iran’s NPC Says Balanced Petrochemical Development Must Be a Strategic Priority

Iran’s Ariasasol Polymer Company Saves $408,000 Annually Through Burner Gas Recovery Plan

Petchem projects under 7th development plan near 60% completion

Petrochemicals emerge as a key driver of wealth creation

HSE decisions must be made in an integrated manner

Over $24b to be invested in Iran’s petrochemical sector