NPC Support to Accelerate Petchem Projects

NPC Support to Accelerate Petchem Projects
(Monday, November 9, 2026) 22:32

TEHRAN, November 9 (NIPNA) – The National Petrochemical Company (NPC) can help remove implementation bottlenecks, accelerate financing and equipment procurement, and speed up the completion and commissioning of petrochemical projects, said the CEO of Hoveyzeh Persian Gulf Gas Refining Company.

Speaking to NIPNA, Javanshir Sadeghi said the company’s overall progress was positive despite existing constraints, adding that it was using all available resources and capabilities to achieve the greatest possible progress across its operations.

However, delays in cash injections and the timely provision of financial resources remained the main factors that could slow project implementation, he noted.

On the operational front, Sadeghi said the Darkhovin pipeline was commissioned on October 17, with gas transfer beginning at an initial rate of 30 million standard cubic feet per day, in addition to the existing feedstock supply.

He added that gas transfers were being increased toward the authorized maximum, in line with the company’s requirements and the capacity and potential of the Darkhovin field. The development marks an important step toward expanding the project’s operational capacity, he said.

Commenting on a recent meeting with the CEO of Tejarat Bank at NPC headquarters, Sadeghi described the talks as positive, constructive and promising. The meeting focused on potential cooperation to finance the project and on ways to use the bank’s financial and credit facilities to advance development plans.

He expressed hope that follow-up discussions and the finalization of cooperation mechanisms would ease access to financing and address some of the company’s liquidity constraints.

Sadeghi said NPC could play a significant strategic role in facilitating project implementation, extending beyond financial coordination to include accelerating the allocation and provision of foreign currency, addressing foreign-exchange bottlenecks, facilitating engagement with financial and banking institutions, and resolving commercial obstacles—particularly those related to customs clearance of essential equipment and goods.

 

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