Iran Approves NPC Arbitration on Ancillary Service Pricing

Iran Approves NPC Arbitration on Ancillary Service Pricing
(Sunday, February 1, 2026) 13:25

TEHRAN, Feb 1 (NIPNA) – Iran’s Supreme Economic Coordination Council has approved granting the National Petrochemical Company (NPC) authority to arbitrate prices for ancillary services in the petrochemical sector, state media reported on Saturday.

The council, which convened with President Masoud Pezeshkian, Parliament Speaker Mohammad Bagher Ghalibaf, Judiciary Chief Gholam-Hossein Mohseni-Eje’i, and other senior officials, reviewed key economic indicators and discussed coordinated policy measures.

Alongside the petrochemical pricing decision, the council approved the transfer of government shares in South Aluminum Company to the Civil Servants Pension Fund and the capital increase of Industry, Mine, and Agriculture Banks through financial instruments, as outlined in the 2025 budget law.

The decisions were passed by majority vote following presentations and discussions by council members, aiming to streamline governance and support economic planning in strategic sectors.

 


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