TEHRAN - Davood Madadi, Chairman of the Board of the Renewable Energy Association of Iran and Vice President of the Iranian Electricity Industry Federation, emphasized the fundamental role of energy in driving the country’s economy. He stated: "Without electricity, industry cannot function, and the economy cannot progress as planned." It was anticipated that Iran would see an 8% economic growth this year, yet reported figures are around 2.4% to 2.3%. He also pointed out that the country is grappling with a deficit of fossil resources, essential for electricity generation.

The CEO of National Petrochemical Company (NPC) says the average speed of development of petrochemical industry is doubled in every 20 years in the world but Iran wants to double it in 12 years and to produce 200m tons of products per year due to the efforts of domestic experts and blessing of the sanctions.

Ambassador of Brazil to Tehran Laudemar Gonçalves de Aguiar Neto in the meeting with Head of Iran’s Trade Promotion Organization Alireza Payman Pak announced readiness of his country for buying urea and petrochemical products from Iran and called for boosting trade between the two states.

Iran’s petrochemical industry has attained a major achievement by obtaining the know-how to turn methanol into propylene (MPT).

President Hassan Rouhani of Iran said that petrochemical and steel industries play a vital role in the promotion of production and in exports of non-oil products.

The steady increase in gas production of Iran has provided the domestic petrochemical players with the opportunity to diversify their feedstocks.

Plan to connect Tabriz Petrochemical Company to West Ethylene Pipeline was opened in Miandoab, West Azarbaijan province.

TEHRAN – Deputy Oil Minister on petrochemical affairs and the CEO of Iran’s National Petrochemical Company (NPC) says the investment in the third leap projects in the petrochemical industry is around $23b, adding that the total value of investment in the projects which are underway in petrochemical industry stands at $40b.

The United States hit Iran's petrochemical group PGPIC (Persian Gulf Chemical Industry Company) with economic sanctions.

 The latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that petrochemicals and animal corn stood at the top list of Iranian import and export products in the first seven month of the current Iranian calendar year (March 21 – Oct. 21). Given the above issue, petrochemicals and animal corns accounted for […]