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Iran Petchem Industry Aims to Address Gas Deficit Through Investments

Iran Petchem Industry Aims to Address Gas Deficit Through Investments
(Monday, January 6, 2025) 16:38

TEHRAN (NIPNA) – The Secretary-General of the Employers' Association of Iran’s Petrochemical Industry, Ahmad Mahdavi Abhari, announced that the industry is poised to tackle the country’s gas imbalance by investing in field developments. Through ten agreements signed between the National Iranian Oil Company (NIOC) and petrochemical holdings, a projected 220 million cubic meters of gas could be offset.

Speaking at the signing ceremony for an agreement between the National Petrochemical Company (NPC) and Zagros Petrochemical Company, Mahdavi called the initiative a significant step towards resolving Iran's gas and energy challenges.

Three-Pronged Approach to Gas Imbalance

Highlighting the urgency of addressing the gas imbalance, Mahdavi emphasized three solutions:

·         Investments in Development Projects

·         Encouraging Energy Conservation

·         Promoting Efficient Consumption Practices

The recent agreement focuses on saving gas by incentivizing the public and leveraging investments from Zagros Petrochemical in colder northern provinces. The collaboration also aligns with NPC’s broader strategy to promote sustainable energy consumption.

Expanding Energy Efficiency Initiatives

Mahdavi expressed hope that similar projects would expand to other provinces in the coming year, contributing to significant energy savings. He also called for converting power plants—the second-largest gas consumers after households—into combined-cycle plants to optimize energy use.

The petrochemical sector, recognized for its strategic advantages, has been a pioneer in investing in energy-saving initiatives. According to Mahdavi, the industry is prepared to support viable projects that align with the country’s energy management goals.

The NPC-Zagros Petrochemical agreement represents a collaborative effort to promote efficient energy use while maintaining industrial growth and addressing the national gas deficit.

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