NPC Says Full Transparency Governs Petchem Chain Operations

NPC Says Full Transparency Governs Petchem Chain Operations
(Saturday, May 23, 2026) 12:51

TEHRAN, May 23 (NIPNA) – The National Petrochemical Company (NPC)’s downstream development director said full transparency across Iran’s petrochemical value chain is ensured through integrated digital systems that record production, consumption, sales, and inventories in real time and are accessible to supervisory bodies.

Mohammad Motaghi said the sector operates through multiple interconnected platforms, including a production monitoring system, the “Saman” oversight platform, the Iran Ministry of Industry’s comprehensive trade system, and the tax administration system for electronic invoicing. He noted that all data, including feedstock use, energy consumption, output, sales, and storage levels, is continuously recorded and monitored electronically, with no paper-based invoicing in the industry.

He added that petrochemical companies are required to comply with regulated supply mechanisms, including coordinated allocation of products, timing of releases to the commodity exchange, and supervision by the NPC, which plays a policy-making and regulatory role in a largely non-state sector.

Motaghi said that during the recent wartime period, domestic base prices in the commodity exchange were maintained at pre-conflict levels despite global increases, while exports of certain products were voluntarily suspended, except for previously committed shipments. He added that coordinated measures helped ensure supply of essential materials for domestic needs.

He noted that production stability has largely returned after temporary disruptions, while coordinated efforts across the energy sector aim to restore full operational balance within the coming one to two months.

On market conditions, he said global petrochemical prices, including polyethylene, increased significantly by around 60 percent, contributing to price expectations in downstream industries. However, he added that recent trading trends indicate easing demand pressures and increasing supply, with prices gradually normalizing.

Motaghi also highlighted sufficient availability of key materials for essential sectors, including medical supplies and packaging inputs, while acknowledging structural shortages in some segments such as polypropylene. He said a combination of targeted imports and domestic efficiency improvements is being used to address remaining gaps in consumer-facing industries.

 


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