Iran Petrochemical Industries

As one of the leaders of Iran’s industrial sector, the petrochemical industry is a pioneer in creating value added from oil and gas riches and plays a key role in the country's economic prosperity, sustainable development, localization of technical savvy, development of downstream industries and job creation. Being touted as the biggest non-oil exporter in Iran, the sector enjoys such advantages as easy access to various feedstock supplies, access to high seas and skilled manpower.

Petrochemical Complexes

In Iran, petrochemical activities began in 1963 with the launch of the chemical fertilizer production unit of Shiraz Petrochemical Complex and subsequently, in 1964, the National Petrochemical Company was established with government ownership and under the auspices of the National Iranian Oil Company. After that, between 1963 and 1977, Razi Petrochemical Complex (Shahpour Chemical Plant), Abadan, Pazargad, Ahvaz Carbon (Carbon Iran), Kharg, Farabi (Iran Nippon) and Shiraz Petrochemical Development Projects were put into operation.

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Active petrochemical project

Active petrochemical project

The petrochemical industry is touted as a value-creating industry; in other words, the industry is a pioneer in creating value added in the oil and gas industry, which requires special attention and support from the public sector and the participation of the private sector for further development. Accordingly, the public sector has been replaced by the private one for the development of the industry. Due to the rich and diverse hydrocarbon reserves as well as access to high seas in Iran, investing in the industry has the least risk and over the past decade lured more investors to step in the projects.

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Investment

Investment Department is formed as one of the main NPC divisions mandated to encourage and attract investment, partnerships and financial support to ensure successful implementation of the Iranian petrochemical industry. Identifying, developing, introducing investment opportunities, carrying out the process of awarding projects to certified investors and facilitating the investment path in the shortest possible time with the One Window approach are among the most important tasks of this department.

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Investment

Downstream Industries

The increasing growth achieved by launching petrochemical projects in terms of volume and variety of products has provided a good platform for the development of downstream industries as consumers of petrochemical items and complement the value chain of the industry. Development of private sector activities in the downstream and related fields of oil, gas and petrochemicals and better interaction of upstream and downstream petrochemical industries while creating value added and more jobs, provide a better ground for domestic production competition in global markets and strengthen

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Downstream Industries