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.
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).