Tag Archives | National Petrochemical Company (NPC)

PSEZ “Best Choice” for Petchem Investment

Iranian Minister of Petroleum Bijan Zangeneh says the Parsian Special Economic Zone (PSEZ) is the best place for petrochemical investment. Addressing a meeting of senior petroleum ministry officials held to discuss investment opportunities in the zone Sunday, the official voiced Iranian Ministry of Petroleum’s keenness to invest and support investments in the region. He expressed […]

Total to do Iran Petrochemical Deal?

By John Lee. Following the multi-billion dollar gas deal announced earlier this week, Platts reports that France’s Total is on the verge of making a big investment in Iran’s petrochemical sector. Oil Minister, Bijan Zanganeh was quoted in local media as saying that a deal involving a full ethylene production cycle is in negotiation. Marzieh […]

Iran considers launching Petchem Bank

Iran is considering establishment of a specialized bank for petrochemical investments and financing, an MP said. Saeid Bastani, a member of the industries and mines committee of the Iranian parliament, spoke about the highlights of the committee’s Tuesday meeting which was held in the presence of Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei. […]

Dutch Companies Consider Iranian Market

Dutch Ambassador to Tehran Susana Trestal voiced willingness of her country’s firms in joining petrochemical projects in Iran. Speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), the Dutch official said her country is seeking ways to establish cooperation with Iranian partners in petrochemical projects. “We […]

Spain to Launch Support Center for its Firms in Iran

Spanish Ambassador to Iran Eduardo Lopez Busquets said his country plans to open a support center in Tehran in an attempt to provide guarantees for its firms active in the Islamic Republic’s petrochemical sector. Spain is keen on establishing a framework for accelerating interactions between Spanish and Iranian companies in order to facilitate financing of […]

New PetChem Projects to Come Online in Assaluyeh

Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei has said seven new petrochemical projects will come on stream in Iran’s Pars Special Economic Energy Zone by the yearend. Seven petrochemical projects will become operational in the South Pars gas field in Assaluyeh on Iran’s Persian Gulf coast by the end of the […]

Korean Company considers setting up Petchem Plant in Iran

By John Lee. South Korean chemical and textile company Hyosung Corporation has reportedly signed a memorandum of understanding (MoU) with Iran’s state-run National Petrochemical Company (NPC). According to Pulse News the company said it has been in talks with Iran with a view to setting up a polypropylene (PP) production base in the country, but has […]

Iran Eyes $20bn in Petchem Exports

Iran will most likely be generating over 20 billion dollars in petrochemical revenues within the next few years once new projects come on-stream, an official with the National Petrochemical Company (NPC) says. Addressing a conference on the Economy of Resistance, Farnaz Alavi, director of planning and development at NPC, said the country’s revenues of petrochemical […]

Iran Raises Petchem Output under Rouhani

Iran saw its petrochemical output grow by 7.5 million tons/year under Iranian President Hassan Rouhani, a petrochemical official said. Addressing a press conference on Wednesday, Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said the country’s petrochemical production capacity rose by 16% under President Rouhani who took office in 2013. Iran’s total petrochemical production capacity […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

Damavand Petrochemical Plant Finally Privatized

Iran has ceded Damavand Petrochemical Utility Plant to the private sector after a series of failed bids, a privatization official said. The Managing Director of Iran Privatization Organization Jafar Sobhani said on Tuesday that the organization has finally sold the facility to the private sector at nearly IRR 8.270 billion. He said the organization held […]

Petchem Industry needs $55bn Investment over 10 Yrs

Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. The Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20 billion […]

Iran Plans to Launch 5 Petchem Projects by March

Iran is to launch 5 new petrochemical projects within the remaining two month of the current calendar year to March 20, a senior petrochemical official said. Managing Director of the National Petrochemical Company (NPC), Marziyeh Shahdaei, said that 4 projects will come on-stream during the Fajr Decade, marked as the anniversary of the victory of […]

All Iran Petchem Plants Operational despite Turkmen Gas Halt

Iran says all its petrochemical facilities are operating and they have been faced with no shortages in feedstock supply despite Turkmenistan’s abrupt cutting of gas flow to northern Iranian provinces. Ali Mohammad Bossaqzadeh, director of production control at the National Petrochemical Company (NPC), reacting to Turkmenistan’s Sunday move to halt gas flow to Iran, said […]

NPC in Talks on 12bn-Euro Credit Line

The Director of the Investment Department at the National Iranian Petrochemical Company (NPC), Hossein Alimorad, says his company is busy in talks with two German companies to open credit lines of 12 billion euros. Alimorad, briefing a press conference on petrochemical investment and financing, said the investment and capital attraction and financing projects will take […]

Iran to Ink Oil Contracts Worth $10bn by End of March

New oil contracts worth 10 billion dollars are expected to be signed in remaining half of the current Iranian calendar year (began March 20, 2016), the deputy petroleum minister said. Amir Hossein Zamaninia made the remarks on the sidelines of a ceremony for inking a cooperation document between Iran’s National Petrochemical Company (NPC) and the […]

Kurdistan Petchem Plant Operational Soon

The Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei says Kurdistan Petrochemical Plant will become operational in the near future, adding the project will be beneficial to value chain completion in the petrochemical industry of the region. During a one-day visit to a number of petrochemical facilities in western Iran, Shahdaei said Kurdistan Petrochemical […]

Germany’s Linde in Iran Petrochemical Deal

Iran’s Kian Petrochemical Company is to sign a complementary contract with Germany’s Linde Group. Managing Director of Kian Petrochemical Company Mohammad-Sadeq Fazeli made the remark in an interview with Shana on the sidelines of ceremony to sign a contract with the company. Fazeli said, “After one and half years of talks with many companies, we […]

Iran in Talks with Mitsui, Total on $60bn Investment

A senior Iranian oil official said the country is in talks with Japan’s Mitsui Chemicals and France’s oil giant Total SA to attract $60 billion in foreign investment. Iran’s National Petrochemical Company (NPC) plans to increase its output capacity to 150 million metric tons a year by 2016 to prepare the ground for more foreign […]

Iran, Germany to Boost Petchem Cooperation

A senior Iranian petrochemical official said Iran and Germany are poise to boost their petrochemical ties given the readiness indicated by both sides in this regard since removal of international sanctions. Head of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said NPC and German companies are planning to boost their interactions now that US-led sanctions […]