NPC Reaffirms Support for Petrofarhang Holding in Balanced Petchem Development

NPC Reaffirms Support for Petrofarhang Holding in Balanced Petchem Development
(Tuesday, April 8, 2025) 11:17

TEHRAN (NIPNA) – In a strategic meeting held on Sunday, Farvardin 17, 1404, the Deputy Petroleum Minister and CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, reaffirmed the company’s support and close collaboration with Petrofarhang Holding, emphasizing a joint commitment to balanced development across the petrochemical value chain.

According to the NPC, this support stems from the unique nature of Petrofarhang’s shareholder base—comprising Iran’s academic and cultural community—and the holding’s growing involvement in both upstream and downstream sectors of the industry.

Feedstock Shortages and Production Challenges

During the session, Javad Zare’pour, CEO of Petrofarhang Holding, identified feedstock supply for the Sabalan and Kimia Pars Middle East plants as a primary concern. Due to nationwide supply imbalances, these plants experienced a cumulative 260 days of halted production in the past year, resulting in significant financial losses.

Zare’pour also highlighted the timely injection of ethylene produced by Morvarid Petrochemical Company into the consumption pipeline as another unresolved issue. He expressed optimism that these challenges will be addressed soon under the proactive guidance of the NPC's leadership.

Senior Industry Representatives in Attendance

The meeting included a number of senior executives from Petrofarhang's subsidiaries and affiliates:

·         Ahmad Dehghan, CEO of Energy Sepehr

·         Reza Karimi, CEO of Sabalan Petrochemical

·         Hassan Nozhat, CEO of Siraf Energy Petrochemical

·         Alireza Mojarad, CEO of Mahtab Parsian Petrochemical

·         Khalil Sheikhyani, CEO of Sepehr Lavan Petrochemical Hub

·         Esmail Jalili, Acting CEO of Lavand Chemical Company

·         Ali Moazedi, Deputy for Planning and Economic Development

·         Mohammad Zeynol’abedin, Deputy for Technical Oversight and Management

·         Mahnaz Sirus, Head of Economic and Investment Affairs

The meeting reinforced NPC’s role as an active enabler of industrial growth and as a committed partner to knowledge-based investment initiatives such as those spearheaded by Petrofarhang.


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