In a recent meeting focused on troubleshooting and
evaluating the execution progress of two separate petrochemical projects, Dena
and Siraf Energy, Javad Zarepour, the acting head of the holding, emphasized the
prioritization of challenges to overcome them.
Zarepour revealed that Petrofarhang is on track to achieve significant
According to the established plan for the fiscal year 1402-1403
(September 2022 to September 2023), these projects are set to advance to 93%
completion for Dena and 80% completion for Siraf, with a financial infusion of
approximately 12 trillion Iranian rials. This progress results from
collaboration with strategic partners and the utilization of the National
Development Fund's resources and agreements made with domestic and foreign
Zarepour stressed the importance of weekly monitoring,
control, and evaluation of project execution, ensuring that past events and
challenges do not disrupt current planning and decision-making processes.
The acting head of Petrofarhang emphasized that there is no
justification for the considerable ongoing expenses incurred by companies
without physical progress. He urged company managers to activate various
project fronts through strategic planning and financial resource allocation,
thereby accepting reasonable and transformative risks.
Zarepour called for the identification and prioritization of
challenges and urged CEOs to untangle project impediments with dexterity,
recognizing that effective management should yield significant contributions to
the national economy, people's livelihoods, and, notably, increased
profitability for shareholders.
Furthermore, Zarepour underscored the need for monthly
progress reporting by companies, expecting the managing directors of
Petrofarhang's subsidiaries to meticulously decide on various issues in line
with the approved plan and to execute them boldly and efficiently.
This meticulous evaluation and commitment to continuous
improvement underscore Petrofarhang's dedication to realizing the full
potential of its petrochemical projects and contributing to Iran's economic
growth and stability.