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).