Petchem Arbitration Commission Launches to Resolve Industry Disputes

Petchem Arbitration Commission Launches to Resolve Industry Disputes
(Wednesday, September 24, 2025) 11:59

TEHRAN, Sept. 22 (NIPNA) – Iran’s first Petrochemical Industry Arbitration Commission officially convened on Monday, aiming to establish regulations and procedures for resolving disputes among petrochemical companies, officials said.


The inaugural meeting was attended by Mohsen Moghaddas, Deputy of Arbitration and Mediation at the Judiciary’s Dispute Resolution Center, and Hassan Abbaszadeh, CEO of the National Petrochemical Company (NPC) and Deputy Minister of Petroleum, alongside commission members.

Abbaszadeh highlighted the rapid growth of Iran’s petrochemical sector and emphasized that coordination between government authorities and companies is essential for sustainable production and resolving inter-company challenges. He added that the commission, supported by the judiciary, would help minimize disputes and foster greater industry cohesion.

Moghaddas noted that the commission will focus on professional arbitration and mediation in line with national judicial policies, including the directives of the Supreme Leader and the Judiciary’s emphasis on alternative dispute resolution. He stressed that specialized working groups and committees will handle cases to ensure informed decision-making by experienced experts.

The commission’s establishment is part of broader efforts to streamline dispute resolution and support the objectives outlined in Iran’s Seventh Development Plan.

 


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