National Petrochemical Company (NPC) Director of Planning and Development Hassan Abbaszadeh said the annual revenues of the country’s petrochemical sector is expected to increase 17 percent to reach $27 billion in the current Iranian year (to end March 20, 2023).
Petrochemicals production increased eight percent in Iran during the six months to September 22, compared to the same period last year, according to an official in the National Petrochemical Company (NPC).
A senior official at Iran’s National Petrochemical Company (NPC) said exports of petrochemicals were responsible for a fourth of all non-crude shipments exported from the country in the year to late March.
More than a dozen officials and business executives who used to occupy senior positions in Iran’s petrochemical sector have been sentenced to long terms in prison over their involvement in a $7.9 billion embezzlement case that took place nearly a decade ago.
The nominee to take over the position of Iran’s oil minister in the new administrative government led by President Seyyed Ebrahim Raeisi said that we must develop petrochemical chain as a priority for Iranian Oil Ministry.
Iran’s National Petrochemical Company (NPC) is planning the fourth leap in the industry, based on which the company’s revenues are expected to reach $50 billion by 2027, according to its Managing Director Behzad Mohammadi.
Iran’s petrochemicals production increased seven percent during the three months to June 21, compared to corresponding figure of preceding year, according to an official in the National Petrochemical Company (NPC).
The National Petrochemical Company is seriously pursuing a plan for diversifying the product basket of the country’s petrochemical industry by implementing new projects in the downstream sector, said the NPC managing director.
Iranian exports of petrochemical products increased by 13 percent in the previous Iranian year (ended on March 20) compared to its preceding year, said the secretary-general of Iran's Association of Petrochemical Industry Corporation (APIC).
Iran’s petrochemical production in the month to April 20 increased by seven percent compared to the same month in the previous Iranian year, an official with the National Petrochemical Company (NPC) announced.