industry Archives
Iran to boost petrochemical capacity by 35m tons under 5-year plan
Iran plans to raise its nominal petrochemical production capacity by 35 million tons to 131.5 million tons a year by the end of its Seventh National Development Plan (2022- 2027) through 66 expansion projects, a senior official said, targeting an average annual growth of eight percent
Iran boosts south pars gas output with new well commissioning
Iran has increased daily gas production from the giant South Pars field by 1.6 million cubic meters following the launch of a new infield well, a senior official said on Monday
Petrochemical sector stays on track despite conflict, eyes annual targets
Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said
Petchem sector invests $5b to curb gas flaring, aims to cut carbon emissions by half
Iran’s petrochemical industry has invested $5.0 billion to reduce gas flaring in upstream oil operations and is drafting a strategic roadmap to further cut emissions, according to the health, safety and environment (HSE) director of the National Petrochemical Company (NPC)
Sponge iron production rises 7% in a month on year
Production of sponge iron in Iran rose seven percent in the first month of the current Iranian calendar year, Farvardin (March 21-April21), as compared to the first month in the previous year, As reported, 4.075 million tons of sponge iron was produced in Farvardin of this year, while the figure was 3.807 million tons in the same month of the past year
China’s high-quality industrial development injects new momentum into the world economy
Recently, in the face of a complicated situation marked by increasing external shocks and multiple domestic difficulties and challenges, China’s economy maintained stable growth despite pressure, sustaining the new and positive development momentum
Tehran to launch two new refineries, three fuel quality projects
Iran plans to commission two new oil refineries and three fuel quality upgrade projects by the end of the current Iranian year (March 2026), the head of the National Iranian Oil Refining and Distribution Company (NIORDC) announced on Saturday
‘Iran’s stone industry has $5b export potential’
Iran’s natural stone industry has the potential to reach $5.0 billion in annual exports, but currently earns less than $200 million, the head of Iran Stone Association said, warning that tapping into foreign markets is the only path forward for the struggling sector
Gas pressure boosting project in South Pars launched
Iran has officially launched its long-anticipated gas pressure boosting project at the South Pars field, the country’s largest natural gas reservoir, with energy officials emphasizing the need for strict timelines and private sector coordination to ensure its success
Iran’s 1st biorefinery to be inaugurated in Kermanshah this week
Iran will inaugurate its first biorefinery this week in the western province of Kermanshah, with President Masoud Pezeshkian expected to attend the opening ceremony, according to a senior official from the Ministry of Industry, Mining and Trade