Iranian petrochemical companies based in the country’s Petrochemical Special Economic Zone (Petzone) have signed 34 memorandums of understanding (MOU) with domestic knowledge-based firms for meeting their technological needs, Shana reported.

–Iran’s annual export of petrochemicals is expected to reach $18 billion in the current Iranian calendar year (ends on March 20, 2023), the managing director of National Petrochemical Company (NPC) announced.

Iran’s exports of fuel and petrochemical exports have surged in recent years as the re-imposition of the U.S. sanctions on the country’s oil industry curbed crude sales, the Daily Star reported.

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 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.

Petrochemical production has risen seven percent in Iran during the first three months of the current Iranian calendar year (March 21-June 21), compared to the same period of time in the past year, according to an official in the National Petrochemical Company (NPC).

Iran’s petrochemical production in the first month of the current Iranian calendar year (March 21-April 20) increased by seven percent compared to the same month in the previous year, an official with the National Petrochemical Company (NPC) announced.

TEHRAN (Iran News) – Sale of petchems in Iran local bourse has exceeded $200 million in one week as the government keeps using the mechanism to bypass the American sanctions imposed on the oil and gas industry. The official IRNA agency said the value of trades involving sale of various petchems at local bourse, Iran […]

TEHRAN (Iran News) – Iran’s petrochemical exports have increased 1.5 times over the past six years in view of the completion of a number of projects within the same time span. This has helped Iran improve its status in international petrochemical markets, raise its exports of raw materials and boost production of downstream products, according […]

TEHRAN (Iran News) – European companies are looking to resume ties with Iranian petrochemical companies, the CEO of Tondgouyan Petrochemical Company said. Referring to Iran petchem companies’ participation in Germany’s K-Show, the largest exhibition in the plastics and polymer industries in the world, Seyyed Reza Ghasemi Shahri said, “The Persian Gulf Petrochemical Industries Company has […]