Iran’s Petrochemical Industry Report Annual Report


The cornerstone of petrochemical industry in Iran was laid in late 1950s. Owing to the size of the domestic market and the availability of huge hydrocarbon reserves, the industry saw rapid development and

expansion in the ensuing years.


The cornerstone of petrochemical industry in Iran was laid in late 1950s. Owing to the size of the domestic market and the availability of huge hydrocarbon reserves, the industry saw rapid development and

expansion in the ensuing years.

Since its inception, the industry has travelled a long and challenging road from its humble origins to become a major force in global petrochemical markets. The journey is however far from complete as NPC’s next goal is to plan for further growth of Iran’s current capacities and help build new generation of facilities based on the country’s immense gas feedstock.

The genesis of petrochemical industry in Iran dates back to 1958 when the Fertilizer Authority was established as part of Ministry of Economic Affairs and Finance. In 1964, the National Petrochemical Company (NPC) was set up to plan for the development of the industry.

In the same year, the first Iranian Petrochemical plant, Shiraz Petrochemical Company which was a fertilizer facility, cameonstream. In 1965, the Petrochemical Industries Development Act was ratified by Iran’s parliament allowing NPC to directly enter into partnerships with local and foreign companies for producing petrochemical products.

Since its inception in early 1960s until the advent of the Islamic Revolution in 1979, NPC constructed several petrochemical facilities including Shiraz, Razi, Abadan, Kharg, Farabi, Carbon Iran and Polika producing 1.6 million t/y of products. During this period, expansion projects of Shiraz and Razi were kicked off. Construction work also began on ex-Iran-Japan, currently Bandar Imam Petrochemical Company.

After the victory of the Islamic Revolution in 1979, fresh efforts were made to further develop the industry but they were rendered ineffective when Iraq invaded Iran in 1980 and waged a war that continued for the next 8 years.

The war badly affected the country’s entire economy and the petrochemical sector was not an exception. It brought investment to a halt and crippled many of the petrochemical facilities. Output plummeted to an all time low of 880,000 tons in 1988. The industry, however, quickly rose from the ashes and grew even stronger after the war ended in 1988.

Soon after the war ended, NPC unveiled its first 5-year development plan (1989-1994) whose prime focus was to rebuild and to repair the plants that were damaged. NPC’s secondary goal was to construct several grassroots facilities which included Razi’s DAP, Shiraz methanol, Isfahan aromatics, 1st phase of Arak complex, expansion of Ahvaz carbon black and Bandar Imam. At the end of the final year of the plan, NPC’s output capacity reached 10.3 million t/y.

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Table of content

Iran’s Petrochemical Industry at a glance 6
Message from the President 8
Company Organization 10
The General Assembly 10
The Board of Directors 11
Production Control Directorate 12
Planning and Development Directorate 13
Project Directorate 15
NPC Organization 16
NPC’s Missions and Goals 18
Investment Center 20
Petrochemical projects under-implementation in Iran 22
New investment opportunities in petrochemical industry in Iran 25
Corporate Social Responsibility 29
Health, Safety and Environment (HSE) Management 30
Manpower and Training 34
Petrochemical Downstream Industries Development Office 35
Subsidiary Companies 36
Petrochemical Research & Technology Company 37
Petrochemical Special Economic Zone Organization 40
Damavand Petrochemical Company 42

Iran’s Petrochemical Industries Holding companies

Parsian Oil and Gas Development Group 46
Pasargad Energy Development Company 50
Persian Gulf Petrochemical Industries Company 52
Petro Farhang Company 55
SATA Investment Company 59
Sepehr Energy Company 63
Tamin Petroleum & Petrochemical Investment Company 66
Abadan Petrochemical Company 74
Bistoon Petrochemical Company 75
Carbon Iran Company 77
Ehtemam Jam Company 78
Esfahan Petrochemical Company 79
Fanavaran Petrochemical Company 82
Farabi Petrochemical Company 85
Ghadeer Petrochemical Company 87
Ilam Petrochemical Company 88
Jam Petrochemical Company 91
Jam Polypropylene Company 95
Kermanshah Petrochemical Industries Company 97
Kharg Petrochemical Company 99
Khorasan Petrochemical Company 101
Marun Petrochemical Company 103
Mehr Petrochemical Company 105
Morvarid Petrochemical Company 107
NavidZarChimi Industrial Company 112
Razi Petrochemical Company 114
Regal Petrochemical Company 116
ShahidRasouli Petrochemical Company 117
Shimibaft Company 118
Shiraz Petrochemical Company 119
Tabriz Petrochemical Company 123
Zagros Petrochemical Company 125