The company reported revenue of more than 1.04 quadrillion rials ($892 million at the official rate), while exports generated about $892 million in hard currency, Chief Executive Sepahdar Ansari Nik told shareholders at the firm’s annual general assembly.
Ansari Nik said Bandar Imam accounted for 6.5% of Iran’s total petrochemical output, securing the top rank in production and the second rank in sales among all domestic peers.
Daily NGL feedstock intake averaged over 80,000 barrels, up from 60,000 barrels previously, and in several periods exceeded 100,000 barrels a day – a level the company has now stabilized, he said. “We are targeting 120,000 barrels per day this year, which will directly strengthen revenues, sales and the company’s market position,” he added.
Shareholders also approved the company’s 1403 financial statements, dividend payout, and a capital increase backed by Persian Gulf Petrochemical Industries Co. (PGPIC) for the second consecutive year.