Abdolali Ali-Askari said on Tuesday at the second day of the 32nd
conference of petrochemical CEOs that 1401 (March 2022-March 2023) was a
brilliant year for PGPIC with satisfactory progress and profit, which he hoped
would be the basis for more growth in 1402.
He added: “The PGPIC group produced about one million tonnes more
products with the same existing complexes last year.”
The CEO of Persian Gulf Petrochemical Industries Company was ranked
23rd in the world from 37th place by ICIS in mid-1401 after reviewing chemical
and petrochemical companies in the world. Also, this company became the best
company in the country among the top 500 Iranian companies in three areas of
highest sales, highest exports and highest share in the capital market.
Ali-Askari said that the first strategy of the company was to increase
production and profitability by increasing quality and productivity, and said:
“Distancing from raw material sales in the petrochemical industry and
implementing downstream projects, investing in oil and gas fields and providing
sustainable feedstock, supporting knowledge-based companies and domestic
production, fulfilling social responsibility, paying attention to human capital
and confronting sanctions are among the important strategies of Persian Gulf
Petrochemical Industries Company.”
He referred to the transparent and acceptable audit of Persian Gulf
Petrochemical Industries Company in 1401, and said: “The company’s 11 percent
share of the capital market reached 14 percent and the company’s main profit in
1401 was about 75 thousand billion rials and last year we distributed about 24
thousand billion rials profit.”
PGPIC; The most popular company in Iran
The CEO of Persian Gulf Petrochemical Industries Company stressed:
“This company is the most popular company in Iran and millions of people are
its shareholders and we serve the Iranian nation.”
Ali-Askari said that the company’s consolidated profit has exceeded
120 thousand billion rials, and added: “The market value of the group at the
beginning of management was 730 thousand billion rials, which has now crossed
one million and 500 thousand billion rials.”
He referred to the impact of Persian Gulf Petrochemical Industries
Company and its subsidiaries on the continuous growth of the stock market and
said: “The return of ‘Fars’ symbol was 30 percent higher than the average
return of the stock market.”
The CEO of Persian Gulf Petrochemical Industries Company referred to
the implementation of 28 development projects and said: “Launching eight
projects is on the agenda of this company this year and Gachsaran petrochemical
project will also be inaugurated by the president in the coming days.”
Ali-Askari said that Huizeh Persian Gulf Refinery was inaugurated as an
environmental and economic project in spring this year, and added: “Bidboland
Persian Gulf Refinery also has more than one billion dollars to implement a
project to collect flare gases. This year will be a historic year for
flare-out, which is a great environmental action at the national level.”
Implementation of four huge projects worth $9 billion
He referred to pursuing the implementation of four huge projects
called development drivers worth $9 billion and emphasized: “The main strategy
of Persian Gulf Petrochemical Industries Company is to distance itself from raw
material sales and implement downstream projects, and for this purpose, nine
areas of Chabahar, Jask, Minab, Parsian, Nayband, Deilam, Genaveh, Omidieh and
Arvand have been located in the country for establishing petrochemical parks.”
The CEO of Persian Gulf Petrochemical Industries Company emphasized
that this company will create land and infrastructure needed for these parks,
and said: “But all interested investors can invest in these projects and
feasibility studies (FS) for 60 projects have been prepared and are ready for
tender.”
Ali-Askari referred to the company’s support for knowledge-based
companies and continued: “This company has established a venture capital fund
with an initial capital of two thousand billion rials, which will increase.
This fund belongs to the petrochemical family.”
The CEO of Persian Gulf Petrochemical Industries Company further referred
to transferring experiences to young people working in various sectors such as
PRTC.