In the Name of Almighty God
Dear members of Iran’s great petrochemical industry family, esteemed shareholders, respected investors, dedicated employees, and valued experts of our nation;
At the outset, I consider it my duty—on behalf of the vast and strategic enterprise that is the Persian Gulf Petrochemical Industries Company (PGPIC)—to extend my sincere gratitude for your continued support and invaluable trust. Today, PGPIC stands not only as the largest petrochemical holding in Iran, but also as a major pillar of the country’s industrial and economic development—a responsibility that calls for greater accountability, innovation, and transparency than ever before.
We are the custodians of a precious legacy—an industry built on the broad shoulders of the honorable managers, engineers, and workers of this land. Through the most challenging times, including the era of sanctions, it has played a crucial role in securing foreign currency, supporting capital markets, and sustaining the national economy. Yet today, at the intersection of global transformations and dynamic change, we are called to chart a new course for the future.
With over 40% of Iran’s petrochemical production and exports under its umbrella, PGPIC bears a national and historical responsibility. Accordingly, our core objectives include expanding downstream industries, completing the value chain, diversifying our product portfolio, and focusing on high value-added outputs. Neglecting the value chain risks fragmentation, imbalance, and waste of resources—squandering vital economic opportunities.
On the path of transformation, we have prioritized the reform of structures, processes, and decision-making models. At PGPIC, we firmly believe that the transition toward transparent, accountable, and merit-based governance is essential for any form of sustainable development. Therefore, financial transparency, anti-corruption efforts, the restructuring of contractual relationships, and institutional discipline are at the top of our agenda. Regular reporting to shareholders, continuous performance monitoring, and building public trust are non-negotiable policies within the Group.
Moreover, PGPIC remains committed to leading the way in corporate social responsibility. We are dedicated to balanced regional development, supporting local communities, protecting the environment, and investing in green projects. It is our firm principle that no project shall proceed without an environmental impact assessment. Minimizing flaring, treating and recycling wastewater, optimizing energy consumption, and moving toward decarbonization are just some of the actions we are taking to align with global environmental standards.
In today’s technology-driven world, no industry can achieve sustainable development without innovation. Recognizing this, we have placed research and development at the heart of our strategy. Engaging with knowledge-based enterprises, universities, and research centers—both domestic and international—forms the cornerstone of our efforts to build a competitive and tech-driven industry. The creation of a corporate venture capital fund (CVC), investment in AI projects, and a focus on emerging technologies are central to our structural transformation agenda.
Lasting and significant achievements stem from unity and collective participation. Talented employees, visionary managers, innovative experts, and dedicated shareholders are the key drivers of progress. At PGPIC, we are doing our utmost to create an environment where all stakeholders can contribute meaningfully—where expert voices are heard, new ideas are welcomed, and collaborative efforts bear fruit.
Today, Iran’s petrochemical industry stands at the threshold of a new era. Global experience shows that the future belongs to companies that can integrate production and value chains, lead the transition toward green energy and industry, and engage responsibly in regional development. At PGPIC, we are determined to lead this journey—relying on our human capital, leveraging knowledge and technology, and adhering to the principles of sound governance.
In closing, I call on all investors, managers, employees, business partners, and stakeholders to continue walking with us on this hopeful path. Undoubtedly, the bright future of Iran’s petrochemical industry hinges on intelligent collaboration, strategic decision-making, and collective momentum.