Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.
Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.
A petrochemical expert warns that the country's excessive focus on the limited production of certain products such as methanol and urea is the Achilles' heel of the petrochemical industry, and says that if balanced development is not carried out in this area to produce MTO units and the like, within the next few years Iran will not only not be able to export petrochemical and chemical products, but will also become an importer.
The CEO of Sabalan Petrochemical Company announced a reduction in the company's production capacity due to a shortage of oxygen, water, and gas.
The possible lifting of US sanctions on Iranian oil exports could deal a severe blow to Chinese refineries that have thrived on refining discounted Iranian oil.
Experts warn that a decline in ethane production in the coming years could cripple the country's ethylene chain and the bitter tragedy of methanol producers could now be repeated for olefins; they see the way out as the construction of MTO units and an end to the sale of methanol as crude.
The CEO of the Persian Gulf Petrochemical Industries Company announced his readiness to develop a roadmap for cooperation between Iran and Uzbekistan in the field of petrochemicals, and emphasized the need to develop bilateral cooperation, joint investments, and the exchange of petrochemical products and feedstock.
The CEO of Zagros Petrochemical Company announced the daily extraction of four million normal cubic meters of methane gas from the Salman platform if its flare gas is separated. This measure is a positive step towards reducing energy imbalance and reducing environmental pollutants.
While the CEO of the National Oil Company speaks of a shortage of LPG for export, the company's official statistics show that more than a billion dollars of this valuable gas has been burned in flares due to mismanagement.
