According to the company’s Public Relations Office, the Annual General Assembly for the fiscal year ending March 19, 2025, was held with the participation of shareholders, representatives from the Securities and Exchange Organization, the independent auditor, the legal inspector, and members of the board of directors.
During the session, the board of directors presented its performance report for the fiscal year 1403, followed by a review of the financial statements. After the auditor and inspector reports were read, the assembly formally approved the company’s financial statements.
Ashkan Dashtizadeh, CEO of Arghavan Gostar Ilam Petrochemical and secretary of the assembly, emphasized that the execution phase of the project was completed without a single legal claim. He announced that the polypropylene production unit is now fully prepared for startup and commercial production.
Mohammad Abdollahpour, Chairman of the Assembly, praised the project’s execution and noted that: “While many similar projects across the country have faced cost overruns and budgetary setbacks, the Arghavan project has been completed with minimal deviation from its original estimates—an achievement of high significance.”
Arghavan Gostar Ilam Petrochemical is the first polypropylene production project under the umbrella of the Persian Gulf Petrochemical Industries Company (PGPIC), with an annual production capacity of 150,000 tons. The primary shareholder of the project is the Persian Gulf Petrochemical Downstream Industries Investment Group (Petrol).
With this milestone, the company is now positioned to play a strategic role in enhancing Iran’s downstream petrochemical capabilities and adding high-value products to the national portfolio.