According to a company statement, Ashkan Dashtizadeh, CEO of Arghavan
Gostar Ilam, confirmed during the company’s annual general meeting on Monday
that the execution phase of the project concluded without a single legal claim
— a rare achievement in the country’s industrial landscape.
“The plant is now fully prepared for commissioning and commercial
production,” Dashtizadeh said, highlighting the smooth and dispute-free
completion process.
Mohammad Abdollahpour, chairman of the general assembly, praised the
project's execution, noting its financial discipline. “While many similar
projects across the country have seen significant cost overruns, Arghavan’s
project was delivered with minimal deviation from the original estimates, which
is a remarkable accomplishment,” he said.
The meeting also included the presentation of the board’s performance
report for the past fiscal year, review of financial statements, and the
approval of the auditor and legal inspector’s report.
Arghavan Gostar Ilam Petrochemical is the first polypropylene production
project within Persian Gulf Petrochemical Industries Company's (PGPIC)
portfolio to reach this milestone. The plant has an annual production capacity
of 150,000 tonnes, and its main shareholder is the Persian Gulf Petrochemical
Downstream Industries Investment Group, known as “Petrol.”