Addressing PGPIC annual assembly on Wednesday,
Abdul-Ali Ali Askari called the holding a development-oriented company, and
stated: “PGPIC is the only company in the field of petrochemicals that is
prominent in the world and ranks 23rd among the top 100 chemical companies in
the world from 37th ranking in the past.”
Referring to the importance of the petrochemical
industry as one of the national advantages, he added: “This industry can
provide a lot of value to the country by creating development in production and
downstream industries despite the sanctions.”
The PGPIC CEO further said that the country’s
petrochemical industry has generated nearly $10 billion in the first half of
the year of which $4 billion was generated by PGPIC.
Over 8% Growth in PGPIC Output
Ali Askari stated that the annual production of
petrochemical products in PGPIC increased from 20.5 million tons in the fiscal
year ending June 21, with an 8.2 percent growth to 22.2 million tons with the
same number of complexes, and continued: “The total sales amount of this
company also increased from 165,000 billion tomans with 86% growth to 307,000
billion tomans in the mentioned period.”
Pointing out that the annual consolidated profit
of PGPIC has grown by 41% from 67.4 trillion tomans on June 21, 2021 to 94.8
trillion tomans on June 21, 2022, he continued: “The profit of the main company
also increased from 38. 7 trillion tomans with a 44% growth to 55.8 trillion
tomans.”
The CEO of Persian Gulf Petrochemical Industries
Company stated: The export value of petrochemical products of this company has
increased by 87% from 2.78 billion dollars to 5.2 billion dollars in the
financial year ending on June 31, 1401.
Implementation of 28 projects worth $15 bn
He pointed to 28 ongoing projects worth $15
billion in PGPIC, and added: “These projects include 12 huge and main projects,
8 inter-complex projects and 8 projects in Petrol.”
The PGPIC CEO said the projects include Persian
Gulf Yadavaran Gas Refining Project, Hengam Petrochemical Project, Gachsaran
Petrochemical Plant, Persian Gulf Apadana Petrochemical Plant, Dehdasht
Petrochemical Industries, improvement and construction of flare gas collection
facilities, Gachsaran Polymer Industries, Ibn Sina Andimshek Petrochemical
Plant, PDH/PP Pars Petrochemical Plant, PDH/PP Persian Gulf Bedbland Gas Refining,
Mahshahr Morvarid Petrochemical Plant and Persian Gulf Hormuz Petrochemical
Plant.