The subscription of foreign exchange Murabaha bonds of two petrochemical companies, Soroush Mahestan Asaluyeh and Negin Mahestan Kangan, each worth 30 million euros, was successfully completed at the Iranian Currency and Gold Exchange Center.
The head of the Privatization Organization said: "65 petrochemical companies have been transferred to the private sector and the government no longer has a meaningful stake in this industry, and the creation of a regulatory body is essential to organize the market and support competitiveness."
The Director of Health, Safety, Environment and Passive Defense at the National Petrochemical Industries Company said: "The petrochemical industry emphasizes managing water resources by recycling and using wastewater."
The deputy chairman of the National Development Fund's executive board said: "If at least 20 complementary petrochemical industry projects are introduced and proposed and approved by the National Petrochemical Industries Company, a total of $200 million in funding will be allocated to finance these projects, and it will be divided among them based on need."
The investment manager of the National Petrochemical Industries Company said: So far, $87 billion has been invested in the petrochemical industry, of which $26.3 billion has been provided from foreign sources.
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.
Following the follow-up of the Court of Auditors, a claim of 35 million dirhams from a petrochemical company was collected.
The Greater Tehran Power Distribution Company commended the National Petrochemical Industries Company for managing electricity consumption in the summer of 1403.
