Ministry of Petroleum petrochemical parent. Created PGPIC in 2011 out of NPC assets; retained a residual block (cited ~20% in 2018). NPC International (UK) and NPC Alliance (Philippines) were designated with the 2019 tranche as PGPIC-controlled foreign vehicles.
Short
NPC
Site
Tehran
ANALYST NOTES
Hassan Abbaszadeh is a former NPC chief — the mid-2026 board attempt to put him in the PGPIC chair was a ministry-side claim on the holding.
NPC is both a former owner and a continuing regulator/feedstock counterparty.