PGPIC CEO Says Stronger NPC Regulation Key to Balanced Sector Growth

TEHRAN, Feb. 8 (NIPNA) – The chief executive of the Persian Gulf Petrochemical Industries Company (PGPIC) said on Sunday that restoring the regulatory role of the National Petrochemical Company (NPC) would help address long-standing structural imbalances and support more balanced development across the sector.

9 million cu m/day of Flare, Associated Gas Collected under Pezeshkian

TEHRAN, Feb. 9 (NIPNA) – Iran has collected more than 9 million cubic metres per day of associated and flare gas since the start of the current administration, bringing total daily recovered volumes to about 16 million cubic metres, Petroleum Minister Mohsen Paknejad said on Monday.

Iran President Praises Oil Experts, Urges Faster Action to Curb Gas Flaring

TEHRAN, Feb. 9 (NIPNA) – Iranian President Masoud Pezeshkian on Monday praised the efforts of oil industry specialists working under difficult conditions and called for faster implementation of projects aimed at reducing gas flaring, saying the country was losing millions of dollars a day in wasted resources.

Iran Launches Dehloran Flare Gas Recovery, Compression Plant

TEHRAN, Feb. 9 (NIPNA) – Iran has officially inaugurated a flare gas recovery and compression plant in Dehloran, a project aimed at reducing gas flaring and improving environmental protection, state media reported on Monday.

Shahid Tondguyan Petchem Plant Starts 7th POY Production Line

TEHRAN, Feb. 9 (NIPNA) – Iran’s Shahid Tondguyan Petrochemical Company has brought its seventh partially oriented yarn (POY) production line into operation, lifting the unit’s utilisation rate to 88% of its nominal capacity, the company said on Monday.

Iran Oil Industry Officials Renew Pledge to Revolutionary Ideals

TEHRAN, Feb. 9 (NIPNA) – Senior officials and employees from Iran’s oil industry on Monday renewed their pledge to the ideals of the late founder of the Islamic Republic, Ayatollah Ruhollah Khomeini, during a ceremony at his mausoleum in southern Tehran, state media reported.

NPC Honors War Veterans

TEHRAN, Feb 7 (NIPNA) – National Petrochemical Company (NPC) held a ceremony to honor its employees who are war veterans, officials said.

Oil Ministry Signals Stronger Support for Private Sector with Petchem Arbitration

TEHRAN, Feb 8 (NIPNA) – Iran’s Ministry of Petroleum has taken a significant step to strengthen private sector confidence in the country’s petrochemical industry by endorsing the arbitration role of the National Petrochemical Company (NPC) in utility pricing, industry officials said.

Oil Ministry Issues New Guidelines for Contractor Performance Evaluation

TEHRAN, Feb 8 (NIPNA) – Iran’s Ministry of Petroleum has officially issued a mandatory guideline for evaluating the performance of contractors and suppliers working with the ministry and its affiliated companies, organizations, and institutions, according to a ministry statement.

PetroFarhang Holding Generates $700 Million in Foreign Exchange

TEHRAN, Feb. 3 (NIPNA) — The CEO of PetroFarhang Holding announced that the group generated over $700 million in foreign exchange through the production of nearly 2.8 million tons of petrochemical products.