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The National Petrochemical Company (NPC) (Persian: شرکت ملی صنایع پتروشیمی, Shirkat-e Mili-ye Sânai'-ye Petrushimiy), 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.
The first chairman of the company was Ghazi Abdul Rahman Al Gosaibi, the Minister of Industry and Electricity, and the first CEO was Abdulaziz bin Abdullah Al Zamil. [9] SABIC's founding transformed the small fishing villages of Jubail on the Persian Gulf and Yanbu on the Red Sea into modern industrial cities. Production in 1985 was 6.5 million ...
Iran's petrochemical industries have absorbed a large amount of private and public investment. In the early 2000s, 43 percent of these investments was financed by Iran's National Petrochemical Company, a subsidiary of the Ministry of Petroleum, which administers the entire petrochemical sector. Another 53 percent is owned by foreign creditors ...
The US on Friday released newly declassified intelligence that suggests Iran has been “deeply involved in planning the operations against commercial vessels in the Red Sea,” National Security ...
Attacks by Iran-backed militants in the Red Sea have effectively closed one of the world’s main trade routes to most container ships — vessels that carry everything from car parts to Crocs ...
National Iranian Petrochemical Company (NPC) handles petrochemical production, distribution, and exports. National Iranian Petrochemical Company's output capacity will increase to over 100 million tpa by 2015 from an estimated 50 million tpa in 2010 thus becoming the world' second largest chemical producer globally after Dow Chemical with Iran ...
The company operates the Al Jaili oil refinery 70 kilometers north of Khartoum. The capacity of the refinery is 100,000 barrels of oil per day. Excess petroleum is exported from Bashair Port on the Red Sea through a pipeline of 1610 km length, making it the longest pipeline in Africa.
The Saudi Basic Industries Corporation is a diversified chemicals, industrial polymers, fertilizers, and metals company. Majority state-owned and headquartered in Riyadh, subsidiaries include Hadeed (steel), SAFCO (fertilizers), and the Yanbu National Petrochemical Company.