By Mahnaz Abdi

Annual petchem export expected to hit $14b by late March

TEHRAN- The value of Iran’s annual petrochemical export is expected to reach $14 billion in the current Iranian calendar year (ends on March 20), the managing director of National Petrochemical Company (NPC) announced on Tuesday.

Completing value chain, diversifying product portfolio; NPC’s main strategy

TEHRAN- The managing director of Iran’s National Petrochemical Company (NPC) said the strategy of this company is to complete the value chain and diversify the portfolio of valuable products.

Iran’s petchem revenues to reach $50b by 2027

TEHRAN – Iran’s National Petrochemical Company (NPC) is planning the fourth leap of the petrochemical industry, based on which the country’s petrochemical revenues are expected to reach $50 billion by the Iranian calendar year 1406 (starts in March 2027), according to NPO Managing Director Behzad Mohammadi.

‘Developing downstream petchem industries to create more added-value'

TEHRAN – Developing downstream industries in Iran’s petrochemical sector is going to create three times more added value than selling raw materials, a National Petrochemical Company (NPC) board member said.

Petchem industry is Iranian economy’s driving force: VP

TEHRAN - First Vice-President Es’haq Jahangiri has stressed the significance of the petrochemical industry for the Iranian economy, calling it one of the country’s major driving forces.

Major petchem projects worth $1.6b inaugurated

TEHRAN – Three major petrochemical projects with a total investment of $1.6 billion were inaugurated in southern Bushehr and western Lorestan provinces on Thursday.

Petchem industry’s development goals to be fully realized by Mar. 2022

TEHRAN – Managing director of Iran’s National Petrochemical Company (NPC) says all the goals set, based on the country’s Sixth Five-year National Development Plan, for the petrochemical sector will be realized by the end of the Iranian calendar year 1400 (March 20, 2022).

2mt of idle petchem production capacity to be revived next year

TEHRAN - Nearly two million tons capacity of Iran’s idle petrochemical units will be revived in the next Iranian calendar year (starts on March 20), IRNA reported on Saturday, quoting a manager with the National Petrochemical Company (NPC).

Petchem industry at forefront of Iran’s non-oil exports

TEHRAN – President Hassan Rouhani stressed the significant role of Iran’s petrochemical industry in the country’s economy in the face of U.S. sanctions, saying that it is at the forefront of the country’s non-oil exports, IRNA reported.

BY: Ebrahim Fallahi

Small-scale petchem plants, huge potentials for a brighter future

TEHRAN – Having the world's second largest gas reserves, Iran has a great potential for expansion of its petrochemical industry which is playing a great role in the country’s economy.

Iran's PGPIC climbs in ICIS ranking despite sanctions

TEHRAN - Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has climbed three places to the 35th position in ICIS Top 100 Chemical Companies for 2019, Mehr news agency reported on Monday.

Iran to expand Mahshar petchem hub to add 6m tons of new capacity

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) unveiled a plan for construction of a new petrochemical hub in Mahshahr Petrochemical Special Economic Zone in order to add up to six million tons (mt) of new capacity to the zone.

NIOC should focus on petro-refinery projects: Parl. Research Center

TEHRAN – The Research Center of Iran’s parliament said in a report that petro-refineries are two times more profitable than refineries and suggested that National Iranian Oil Company (NIOC)’s new refinery projects be defined as petro-refineries.

Iran ready to establish new petchem hub

TEHRAN – The National Petrochemical Company (NPC) signed a memorandum of understanding with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for establishing a new petrochemical complex in Hormozgan Province adjacent to Persian Gulf waters.

BY: Ebrahim Fallahi

“Redundant” sanctions vs. “resilient” economy

As the United States sanctioned Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) on Friday, many analysts and officials believe them to have no significant impact on the country’s economy in a broad sense.

20 new petchem projects to go operational in Iran by 2022: NPC

TEHRAN – Iranian oil ministry plans to complete 20 prioritized petrochemical projects across the country by the end of the Iranian calendar year of 1400 (March 2022), IRIB reported quoting the head of National Petrochemical Company (NPC).