During the company’s annual general meeting, Mansour Hamid, Commercial Director of Bouali Sina Petrochemical Company, outlined the company's key operational and commercial achievements in the Iranian calendar year 1403, highlighting three major performance milestones: “Two million tons of feedstock, two million tons of production, and two million tons of sales. These achievements are the result of efficient operational management, an optimized supply chain, and a targeted sales strategy.”
Hamid noted the development of four dedicated sales terminals in the Mahshahr region to streamline distribution. “We currently utilize around 15 leased storage tanks in Mahshahr for domestic and export-bound feedstock and product storage,” he said. “Additionally, some volumes are stored in international tanks managed by the Petrochemical Trading Company.”
He also pointed to the successful one-month overhaul of Unit 200’s furnace, which was completed without disrupting sales. “By chartering vessels on a time-based lease, we maintained a smooth sales flow during the maintenance period,” Hamid added.
In terms of cost optimization, he explained: “In 1402 (2023–2024), the company’s total logistics expenses stood at $86 million. Thanks to precise market analysis and strategic sales scheduling, we reduced this figure to $74 million in 1403. Notably, the cost of leasing foreign storage tanks dropped from $37 million to $25 million, resulting in $12 million in savings.”
Hamid further highlighted strategic exports of the company’s “Heavy End” product, saying: “By analyzing seasonal consumption trends in both domestic and global markets, we exported during low-demand periods and sold during high-demand seasons, earning an additional $5 million.”
He stated that the company has shifted its focus to the domestic market this year, with approximately 70% of sales carried out domestically. This includes the supply of Heavy End to the National Iranian Oil Refining and Distribution Company. “Through product reformulation and value-added analysis, we’ve been able to time our offerings efficiently,” he added.
Concluding his remarks, Hamid emphasized disciplined budget adherence: “We monitor daily expenses to ensure alignment with planned budgets. This financial and commercial discipline is a key factor behind the company’s sustained growth in sales and profitability in recent years.”