“Decisions must be based on predictions of the industry’s future.
Before producing a product, we need to evaluate its future market,” PGPIC Chief
Executive Mohammad Shariatmadari said at a ceremony introducing new CEOs across
the group’s subsidiaries.
He criticized past privatization efforts, saying they left Iran’s
petrochemical industry fragmented and led to unplanned increases in production
of certain products. He called for a stronger focus on the value chain, higher
value-added products, and closer monitoring of regional and global rivals.
Shariatmadari also praised outgoing managers for their contributions,
saying continuity and respect for previous efforts were vital for the
sustainability of the industry.
During the ceremony, new chief executives were appointed to several
key subsidiaries, including Pars Petrochemical, Mobin Energy, Fajr Energy,
Shahid Tondguyan Petrochemical, and Bouali Sina Petrochemical. The incoming CEO
of Hengam Petrochemical, Seyed Abdolmajid Khaksar, was absent due to a family
bereavement.
PGPIC, Iran’s largest petrochemical holding and one of the Middle
East’s biggest producers, plays a central role in the country’s downstream
energy sector and its export revenues.