Parsian Oil & Gas Holding Secures Government Recognition of $320 Million in Urea Makers’ Claims

Parsian Oil & Gas Holding Secures Government Recognition of $320 Million in Urea Makers’ Claims
(Monday, August 11, 2025) 15:48

TEHRAN (NIPNA) – Parsian Oil & Gas Holding said more than 160 trillion rials ($320 million) in overdue claims from Iran’s urea-producing petrochemical companies have been formally recorded in the government’s financial ledgers, following sustained lobbying and procedural action.

 

Under a cabinet decree, Iranian urea producers must supply about 30% of their output as subsidised fertiliser to the Agriculture Ministry. The price gap between this fixed rate and the market-clearing price on the Iran Mercantile Exchange is to be settled by the government after audits and confirmation by the ministry.

Parsian said the claims covered sales in 2024 by petrochemical plants including Pardis, Shiraz, Kermanshah, Khorasan, Razi and Lordegan. Recording the receivables is expected to ease liquidity constraints, support continuous production and improve financial transparency, the company said.

The achievement comes amid feed gas supply limits, rising production costs and tight liquidity in Iran’s petrochemical sector. Industry officials say timely settlement of such receivables is vital for operational stability and expansion.

 


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