During a two-day inspection tour of Petrofarhang subsidiaries in
Assaluyeh, CEO Javad Zarepour and Deputy for Technical Supervision and
Operations Mohammad Zein al-Abedin reviewed the latest developments and
implementation strategies for several projects.
Zarepour said that following the merger of Sabalan and Dena
Petrochemical companies 15 months ago, the project’s progress had accelerated
significantly. “The integration created operational synergy, and Sabalan-2 is
now 95% complete,” he said. “We expect the project to come online in the coming
months, becoming one of the largest ventures linked to the Teachers’ Reserve
Fund.”
He added that daily monitoring and schedule revisions are being
conducted to prevent project delays seen in previous years. “We continuously
align engineering, financial, commercial, and manpower plans with on-site
realities,” he noted, emphasizing the transfer of expertise from the
operational Sabalan-1 complex to the new project.
Four-Star Sepehr Hotel to Open in 2027
On the first day of the visit, Zarepour inspected the Sepehr four-star
hotel project in the coastal town of Shirino, accompanied by Khalil Sheikhyani,
CEO of Sepehr Lavan Petrochemical Hub. He stressed strict adherence to the
project timeline, warning contractors against any execution delays.
Construction resumed late last year after an eight-year halt, with
internal financing arranged by Petrofarhang. The facility is designed to
support the needs of the local community and the numerous national industrial
projects operating in the Assaluyeh region.
Zarepour said three new projects — the Sepehr Hotel, a sports complex,
and a centralized warehouse facility — are under planning or design to boost
the company’s performance and profitability within three years.
Cooperation with National Development Fund for Lavan Chemical Project
During his visit to Lavan Chemical Company, Zarepour, accompanied by Ismail
Jalili, the company’s CEO, reviewed the construction of engineering buildings
and discussed the project’s financing challenges. He said Petrofarhang is
pursuing cooperation with the National Development Fund to secure funding for
the completion of the downstream chemical complex.
“The main bottleneck for Lavan has been financing, but we expect a
delegation from the Fund to visit the site soon to finalize support
arrangements,” he stated.
Overhaul Operations at Marjan and Kimia Pars Petrochemical Plants
In line with the holding’s policy of preventive maintenance, Zarepour
also visited Morvarid Petrochemical Complex, accompanied by Hessam Khoshbinfar,
to assess preparations for major overhaul and catalyst loading operations at
the ethylene oxide unit.
He emphasized the importance of domestic technology development:
“Localizing catalyst production is challenging, but it’s essential for
long-term national interests. Dependence on foreign technology contradicts our
strategic goals.”
The company is in the final phase of its catalyst localization program
and expects to begin catalyst loading soon after completing all required
testing and certifications.
The final stop of Zarepour’s tour was Kimia Pars Middle East
Petrochemical Company, where he met Habib Dibachi, the acting CEO, and
technical managers. He urged comprehensive repairs during the upcoming overhaul
period, which will coincide with possible gas supply disruptions in winter.
“Last year’s outages in gas, power, and oxygen supply affected
production,” Zarepour said. “This year, the overhaul must address all
outstanding technical and engineering issues to ensure full operational
readiness.”
Petrofarhang Holding, affiliated with Iran’s Teachers’ Reserve Fund,
manages a range of petrochemical, energy, and infrastructure investments, with
several projects in Assaluyeh nearing completion as part of its broader
expansion and localization strategy.