Iran’s National Petrochemical Company (NPC). Archives - Iran News Daily https://irannewsdaily.com/tag/irans-national-petrochemical-company-npc/ Mon, 09 Dec 2019 09:36:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.4 https://irannewsdaily.com/wp-content/uploads/2020/04/cropped-iranlogo-32x32.png Iran’s National Petrochemical Company (NPC). Archives - Iran News Daily https://irannewsdaily.com/tag/irans-national-petrochemical-company-npc/ 32 32 NPC initiated development of petchem projects https://irannewsdaily.com/2019/12/npc-initiated-development-of-petchem-projects/ https://irannewsdaily.com/2019/12/npc-initiated-development-of-petchem-projects/#respond Mon, 09 Dec 2019 09:36:08 +0000 https://irannewsdaily.com/?p=103037 TEHRAN (Iran News) – The CEO of the National Petrochemical Company, NPC Co., said that the company has launched an initiative to orchestrate petrochemical projects in the industry. In a meeting with the projects department of National Petrochemical Company on Sunday, Behzad Mohammadi said that since last year, NPC had sought to ensure the construction […]

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TEHRAN (Iran News) – The CEO of the National Petrochemical Company, NPC Co., said that the company has launched an initiative to orchestrate petrochemical projects in the industry.

In a meeting with the projects department of National Petrochemical Company on Sunday, Behzad Mohammadi said that since last year, NPC had sought to ensure the construction of petrochemical projects in a targeted fashion, NPC reported.

Mohammadi, who is also deputy oil minister for petrochemical affairs, underlined the importance of the division for ensuring construction and completion of development projects in the petrochemical industry of the country, saying that the NPC, as a development organization, played a key role in various dimensions of the industry.

He said, “The guidance and supervision role of the NPC for the realization of the goals pursued in the path of development of the Iranian petrochemical industry is being seriously played and the relationship between petrochemical companies should be strengthened by efficient project management.”

The West Islamabad GTTP Project is a valuable achievement and its implementation will soon start with the technical knowledge of the National Petrochemical Company and the efforts made by Petrochemical Research and Technology Company (PRTC), the CEO of the national petrochemical company added.

Mohammadi said that balanced development of the petrochemical industry as a strategy is of particular importance for NPC, stating, “Given the wide variety of projects in this industry, we have been seeking to develop the projects purposefully since last year.”

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]]> https://irannewsdaily.com/2019/12/npc-initiated-development-of-petchem-projects/feed/ 0 20 new petchem projects to go operational in Iran by 2022: NPC https://irannewsdaily.com/2019/06/20-new-petchem-projects-to-go-operational-in-iran-by-2022-npc/ https://irannewsdaily.com/2019/06/20-new-petchem-projects-to-go-operational-in-iran-by-2022-npc/#respond Sat, 01 Jun 2019 08:31:42 +0000 https://irannewsdaily.com/?p=94006 According to Behzad Mohammadi, of the mentioned projects, three will be inaugurated by the end of the current Iranian calendar year (March 19, 2020). The official noted that currently there are 64 petrochemical projects underway across the country with physical progresses between 20 and 99 percent. “With the completion of the underway projects, the country’s […]

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]]> According to Behzad Mohammadi, of the mentioned projects, three will be inaugurated by the end of the current Iranian calendar year (March 19, 2020).

The official noted that currently there are 64 petrochemical projects underway across the country with physical progresses between 20 and 99 percent.

“With the completion of the underway projects, the country’s petrochemical output will reach 92 million tons in the Iranian calendar year of 1400 and the industry’s revenues will hit $25 billion,” Mohammadi said.

He further noted that six of the above mentioned projects are feedstock supply projects and with these projects completed, the industry’s feedstock capacity is going to increase by 15 million tons.

According to the official, some $8.3 billion has been invested in these six projects which are going to create several projects in the industry’s downstream sector.

The official put the country’s current petrochemicals output at 55.5 million tons, of which 21 million tons is being exported to 30 different destinations across the globe.

According to the NPC managing director, the value of Iran’s petrochemical exports stands at $17.1 billion.

Earlier in May, Mohammadi had said that Iran’s petrochemical industry is not like oil and it is practically unsanctionable.

“For oil the ways of selling and the costumers are specific and limited but that is not the case with petrochemicals. There are hundreds of holdings which are eager for buying our diverse petrochemical products”, the official told the Tehran Times in a press conference on the sidelines of the 24th Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2019).

“However, we are holding meetings with our customers to explore various aspects of possible impacts of the U.S. sanctions on our trade”, he added.

Petrochemical industry is one of the most important pillars of Iran’s economy and one of the main suppliers of foreign currency especially euro for the country.

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