Javad Zarepour made the remarks during the annual
general assembly for the fiscal year ending on September 21, 2025. He noted
that Phase 2 of Sabalan Petrochemical, led by Iranian engineers and managers,
is now in the commissioning stage, and the holding’s subsidiaries are expected
to reach an annual methanol production capacity of approximately 5 million tons
next year.
Zarepour highlighted that strategic
measures—including exiting Article 141 of the Commercial Code, preventing
financial losses of 3 trillion IRR due to financial overlaps, securing 3
trillion IRR in financing to accelerate project completion, and integrating the
Dena project into Sabalan Petrochemical—have significantly advanced the
projects compared to previous years.
He also emphasized that despite challenges such
as the 12-day conflict and feedstock limitations, the holding achieved 200% of
its budget plan, and the year marked the second consecutive year of
profitability. Exports totaling 2.8 million tons of petrochemical products
contributed to the $700 million in foreign exchange earnings for the country.
Regarding financing, Zarepour noted that listing
Sabalan on the second market of Iran Fara Bourse after 18 years of operation,
accepting Mafna on Fara Bourse as the second step, and securing over 8 trillion
IRR through pre-sale bonds, sukuk, and letters of credit were among the key
initiatives. The holding also completed pre-approval steps for its entry into
the capital market, which is expected to materialize in the next fiscal year.
Looking ahead, PetroFarhang aims to transition
toward a knowledge-based, clean-energy-oriented, and digitally optimized model
across upstream, midstream, and downstream segments of the oil and gas sector.
The holding also signed participation agreements for the development of the
Gerdan and Pazen gas fields for the first time in its 18-year history,
establishing foundational engineering studies and project structures to secure
feedstock and open new growth opportunities.