Abbas Gholami reported that the total credit
sales in the stock market and direct sales in December of the current year
accounted for 36% (31% in the commodity and energy exchange).
"During the mentioned period, the value of
petrochemical product supply via credit exceeded 7.5 trillion Tomans,"
Emphasizing the continuing revival of production
units, Gholami underscored the importance of petrochemical companies'
engagement in supplying their products via credit. He elaborated that many
petrochemical companies and holdings are actively participating in this
national strategy to complete the value chain, with respective credit sales
percentages led by Toppico Holding at 55%, Persian Gulf Holding at 40%, Parsian
Holding at 39%, Shastan Holding at 39%, and Bakhtar Holding at 37%.
Petrofarhang Holding, however, has yet to engage in any form of credit sales.
The breakdown of credit supply for petrochemical
products witnessed a rise from 3.2 units in March-April to 5.5 units in
April-May, 5.8 units in May-June, 6 units in June-July, 7 units in July-August,
approximately 6,200 units in August-September, 7.2 units in September-October,
7.1 in October-November, and culminating in 7.5 units in November-December 2023.
The Petrochemical Company's initiative to address
production hindrances in auxiliary industries identified the provision of
liquidity and circulation capital as a primary challenge for participants in
the country's downstream petrochemical industries to procure raw materials.
As a result of this strategic move, a credit
supply of around 55,000 billion Tomans to downstream petrochemical industries
from March-April to the end of November-December 2023 has been realized. The
augmentation of credit sales, besides reviving industrial units, has
accelerated the development of final products, maximized value-added, and
significantly increased employment opportunities within the country.