Iran produced 32 million tons of petrochemical products from March 21 through August 22 despite challenging conditions, the head of the National Petrochemical Company said Wednesday.
PETROCHEMICAL Feed Atom
The head of Iran’s National Petrochemical Co. (NPC) said the company is ready to welcome investors in the southeastern port city of Chabahar, where about $10 billion has already been invested, creating capacity for more than 10 million tons of petrochemical production.
The petrochemical industry of Iran, aligning with the annual slogan and the objectives of the 7th Development Plan (2024-28), has set its sights on reaching a nameplate capacity of 131 million tons.
South African petrochemical firm Sasol said on Monday it swung to an annual profit on the back of higher chemicals prices, tighter cost controls and lower asset writedowns.
The head of Iran’s National Petrochemical Company stressed the importance of encouraging downstream producers to manufacture environmentally friendly plastics, saying the approach must be a priority in the industry’s development plans.
Steel and petrochemicals are expected to account for 50 percent of the objectives set under Iran’s free trade agreement (FTA) with the Eurasian Economic Union (EAEU), Iranian officials said, highlighting the sectors’ pivotal role in boosting exports and activating trade opportunities in the region.
Iran plans to raise its nominal petrochemical production capacity by 35 million tons to 131.5 million tons a year by the end of its Seventh National Development Plan (2022- 2027) through 66 expansion projects, a senior official said, targeting an average annual growth of eight percent.
Iran's petrochemical sector, under the Seventh National Development Plan, will require $24 billion in investment to increase nominal production capacity to 131.5 million tons.
The National Petrochemical Company plans to increase petrochemical production capacity by 35 million tons through 66 development projects under the Seventh Development Plan, aiming to reduce dependence on exports.
Iran’s polymer production capacity has reached about 9 million tons per year, the managing director of the National Petrochemical Company (NPC) said on Sunday.
Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday outlined India’s ongoing efforts to enhance domestic energy production while acknowledging the country’s continued reliance on imports to meet rising demand.
Iran’s National Petrochemical Company (NPC) is seeking to attract $100 billion in domestic and foreign investment to complete semi-finished projects and expand the country’s petrochemical value chain, a senior official said on Tuesday.
Liquefied propane was the primary non-oil product exported by Iran in the first four months of the current Iranian calendar year, according to IRICA's head.
Iran's petrochemical industry, set to boost non-oil exports and foreign exchange, faces challenges like international sanctions and funding constraints, necessitating diversified strategies for investment attraction.
Ahmad Jalilianfard, the director of projects at Iran’s National Petrochemical Company announced that 19 petrochemical projects are expected to become operational by the end of the current Persian calendar year (March 20, 2026) which include 15 production projects and four feedstock supply projects.
The Iraqi Minister of Industry and Minerals, Khalid Battal al-Najm, and officials from Saudi Arabia’s Ajyal Group discussed on last Tuesday a possible deal to construct a petrochemical complex in Iraq.
Iran's National Petrochemical Company's project director has announced 19 operational petrochemical projects, including 15 production and four feedstock supply projects, set to commence by March 2026.
Iran exported petrochemical products valued at $4.684 billion during the first quarter of the current Iranian calendar year (March 21-June 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
Iran's deputy oil minister emphasizes balanced development, value chain completion, and crisis preparedness in Asaluyeh's petrochemical sector, the country's main energy hub on the Persian Gulf coast.
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.