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Bushehr Petchem Sales Expected to Reach $900 Million

Bushehr Petchem Sales Expected to Reach $900 Million
(Saturday, August 10, 2024) 14:54

TEHRAN (NIPNA) – Mohammad Reza Miri Lavasani, CEO of Pardis Petrochemical Company, announced that the company’s sales are projected to reach $900 million by the end of the year.

During a recent press event commemorating the 26th anniversary of martyrdom of Shahid Sarem, Miri Lavasani emphasized the importance of journalism in fostering knowledge and awareness within society, acknowledging the media’s role in promoting the petrochemical industry as a cornerstone of Iran's economic stability.

He noted that Pardis is the second-largest non-oil exporter in Iran, achieving $863 million in export sales last year, with $500 million recorded in the first half of the current fiscal year.

The official further highlighted the company's achievements in the current fiscal year, reporting a record production of 300,000 tons per month over three consecutive months. Cumulatively, production in the first ten months is expected to reach 2.776 million tons, with projections of hitting 3.225 million tons by year-end—an unprecedented milestone for the company.

Addressing concerns about pricing, Miri Lavasani stated, “We do not have a single cent of sales under the approved prices from the Parsian Oil and Gas Company.” He added that the introduction of the integrated Simorgh system has enhanced transparency in the petrochemical sector, allowing oversight of Pardis’ production and sales by stakeholders including Parsian, Ghadir Investment Group, and the Ministry of Defense.

Despite a 40% increase in operational costs, he projected a 41% rise in profits, estimating a total profit of 23 trillion rials by the end of the year. For the current fiscal year, he noted that urea remains a profitable product, with sales expected to surpass 41 trillion rials by year-end, following 33.6 trillion rials in sales by the end of July.

Miri Lavasani reported a gas supply disruption at Pardis for 72 days, estimating losses of around $50 million due to this issue. To mitigate gas supply problems, Ghadir Investment Company is collaborating with several knowledge-based firms to explore mini LNG production.

Regarding corporate social responsibility, Miri Lavasani announced a budget of 73.5 billion rials approved by Ghadir Investment Company, with significant allocations for regional projects, including support for the Armed Forces Social Security Organization and local educational and cultural initiatives.

Additionally, the human resources manager of Pardis Petrochemical announced plans for a new recruitment exam in collaboration with Persian Gulf University, pending board and regulatory approvals. Details of the exam will be announced once approvals are secured.

At the event, journalists toured various production facilities and loading docks, gaining insights into the challenges of working under extreme heat conditions exceeding 45 degrees Celsius.

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