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Iran petrochemical capacity to double in 10 years
The capacity of Iran’s petrochemical industry will have over twofold increase within the next 10 years, a senior Iranian official announced on Wednesday.
Iran’s annual petchem production to increase
Managing Director of the Persian Gulf Petrochemical Complementary Industries Investment and Development Group Company Rashid Qanei said new petrochemical projects with a total investment of $600 million are underway by the company.
Iran sells over $9b worth of petrochemicals in April-August: IRICA
Figures by the Islamic Republic of Iran Customs Administration (IRICA) indicated that sales of petrochemical products reached over $9.14 billion in the five months to late August.
Iran’s petrochemical output capacity to rise by 54% in 2025: Report
Iran will increase its production capacity for petrochemical products by more than a half in the next three years as the country moves ahead with plans to increase added value in its petroleum sector.
NPC says annual petchem revenues to increase 17%
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, mining become Iran’s magic wand in beating sanctions
Petrochemical and mining industries have emerged as the linchpin of Iran's push to diversify its economy away from oil and make it resilient to external shocks, most importantly the US-led sanctions.
Iran plans sales of shares in PGPIC, largest divestiture ever
The Iranian government will sell its shares in the Persian Gulf Petrochemical Industries Corporation (PGPIC), in what is expected to be the largest divestiture in the country’s asset sales program.
Iran’s six-month petrochemicals production up 8%
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).
Iran earned $9b from petchem exports in year to March: 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.
Court gives hefty jail terms in Iran’s petrochemical fraud case
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.
Iranian engineers break a new US petchem monopoly
For the first time, Iranian experts updated a distributed control system (DCS) built by US industrial conglomerate Emerson Electric at a petrochemical plant in the southwestern port of Mahshahr.
Petrochemical chain development a priority: Owji
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 annual exports of petrochemicals to hit $50b by 2027: CEO
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 to finish 11 major petchem projects by March: NPC official
A deputy head of the National Petrochemical Company (NPC) said the company will bring online 11 petchem plants by the end of the current Iranian year (March 20, 2022).
Iran’s three-month petchem output up 7%: NPC
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).

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