Petchem Industry Restores Full Production Capacity; 98% of Export Earnings Repatriated

Petchem Industry Restores Full Production Capacity; 98% of Export Earnings Repatriated
(Tuesday, February 17, 2026) 14:03

TEHRAN, Feb. 15 (NIPNA) — Iran’s petrochemical sector has returned to full production capacity following the removal of gas supply restrictions, the National Petrochemical Company (NPC) said.


Hassan Abbaszadeh, NPC CEO and deputy oil minister, said gas limitations were lifted on Friday, allowing companies to receive the full feedstock required. He noted that during peak winter months, daily gas delivery had fallen from 90 million cubic meters to as low as 50 million cubic meters, but operations are now returning to normal.

Abbaszadeh also reported that around 98% of petrochemical export earnings have been repatriated or are in the process of returning, marking a 2% increase compared with last year.

The NPC chief stressed that optimizing energy consumption remains the most cost-effective path to sustainable gas supply. He added that disputes between companies have increasingly been resolved through specialized arbitration mechanisms, with six cases currently under review.


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