According to CEO Yazdani Kashani, the EPCC contract with Petrosazeh
Mobin was signed in July 2024. By the end of the Iranian year 1403 (March
2025), the project had reached 18.6% overall progress.
Key 2024 achievements include foundation work for an ammonia storage
tank, finalizing gas supply agreements with installment terms, securing a
minimum water supply of 10 million cubic meters from Gorgan’s wastewater
treatment plant, and prepayment for fuel and feedstock gas.
Additionally, the company has updated the plant layout to integrate
future expansion units and allow access to the national railway. A €480 million
loan facility from the National Development Fund, facilitated through Tejarat
Bank, has been approved by the government.
For 2025, the company will prioritize initiating core project execution,
holding tenders for offsite and utility units, finalizing contracts for power
supply, water reuse agreements, and project finance syndication, while
implementing project management standards across operations.
The company also approved a nominal 2-rial per share cash dividend and
retained its current board composition.