National Iranian Petrochemical Company
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The National Iranian Petrochemical Company (NIPC), a subsidiary to the Iranian Petroleum Ministry, is owned by the government of the Islamic Republic of Iran. It is responsible for the development and operation of the country's petrochemical sector.
Founded in 1964, NIPC began its activities by operating a small fertilizer plant in Shiraz. Today, NIPC is the second largest producer and exporter of petrochemicals in the Middle East. Over these years, it has not only expanded the range and volume of its products, but it has also taken steps in areas such as R&D to achieve more self-sufficiency.
Two special economic zones on the northern coast of the Persian Gulf have been developed to be home to the NIPC’s new project. These two zones enjoy a good access to feedstock, infrastructural facilities, local and international markets and skilled manpower. The Fourth Five-Year Plan (2005-10) calls for a fourfold expansion of petrochemical output, to 56 million tons per year.[1]
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[edit] Main Activities
NIPC's major activities are production, sale, distribution and export of chemicals and petrochemicals. Currently allied with more than 50 subsidiaries, including 9 production complexes and 18 project implementing companies, NIPC operates as a mother company handling policy-making, planning, directing and overseeing the activities of its subsidiaries and affiliates. NIPC plans to privatize 17 subsidiary companies by the end of 2007.[2]
Despite pressure being exerted on the Islamic Republic over its nuclear program, Tehran expects to see a surge in petrochemical exports from its last year figure of $5.5 billion to a total of nearly $9 billion this year (2008). [3]
[edit] NIPC Main Subsidiaries
- Khorasan Petrochemical Co.
- Tabriz Petrochemical Co.
- Esfehan Petrochemical Co.
- Arak Petrochemical Co.
- Kharg Petrochemical Co.
- Shiraz Petrochemical Co.
- Razi Petrochemical Co.
- Oromiyeh Petrochemical Co.
- Bandar Imam Petrochemical Co.
- Petrochemical Commercial Co.
- NPC International Co.
- Non-Basic Services Co.
- Petrochemical Development & Management Co.
- Bou Ali Project
- Arvand Project
- Amir Kabir Project
- Intra.Chem Trading Company
[edit] See also
- Ministry of Petroleum of Iran
- National Iranian Oil Company
- The Industrial Corridor of Asalouyeh
- Marun petrochemical complex
- Privatization in Iran
