NPC CEO Urges Energy Efficiency to Support Industry Growth

NPC CEO Urges Energy Efficiency to Support Industry Growth
(Wednesday, January 21, 2026) 12:13

TEHRAN, Jan 18 (NIPNA) — Iran’s Ministry of Petroleum stressed the importance of energy management as a key enabler for the growth of the country’s petrochemical sector, according to Hassan Abbaszadeh, deputy petroleum minister and CEO of the National Petrochemical Company (NPC).

Speaking to local media, Abbaszadeh said optimizing energy consumption should involve collaboration among all stakeholders to reduce losses and ensure a steady supply of feedstock for industries, including petrochemicals.

Under Iran’s Seventh Development Plan, the petrochemical industry aims to expand production capacity by more than 130 million tonnes, he noted, emphasizing that this is the first five-year plan to define clear quantitative targets for value-chain development.

The plan focuses on completing four main petrochemical chains — methanol, propylene, ethylene, and aromatics — to promote balanced and sustainable growth across the sector.

Abbaszadeh highlighted that the petrochemical industry represents the value chain of Iran’s oil sector, with the twin goals of accelerating production and preventing crude export dependency.

A key element of the plan, he said, is securing reliable feedstock, including efforts to capture associated flare gas in key regions such as West and East Karun, Dehloran, Ilam, and Asalouyeh. These initiatives aim both to increase feedstock availability and reduce environmental impact.

“Natural gas is a primary feedstock for petrochemicals. Rising consumption in households and general industries sometimes limits industrial supply,” Abbaszadeh said. “Through public awareness and stakeholder participation, we hope to optimize gas use to ensure uninterrupted production.”

He also underscored the need for coordination between upstream oil development and downstream petrochemical growth, stating that maximizing feedstock utilization is essential for achieving the industry’s strategic objectives.

 


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