Mohammad Shariatmadari, CEO of the Persian Gulf Petrochemical Industries Company, stated that according to officially audited reports, the group fulfilled 102 percent of its foreign exchange commitments in 1403 (March 2024–March 2025) and 98 percent in 1404 (March 2025–March 2026), underscoring the holding’s full compliance with regulatory requirements.
He noted that in 1403, the Persian Gulf Holding supplied USD 3.384 billion through the NIMA foreign exchange system.
Shariatmadari added that in 1404, the group has so far generated USD 3.721 billion in foreign currency resources, of which USD 2.276 billion has already been offered via the NIMA platform.
The PGPIC CEO further explained that out of the group’s total foreign currency resources amounting to USD 4.743 billion in 1403, USD 441.8 million was spent on the procurement of raw materials, spare parts, and catalysts, USD 743.5 million was allocated to logistics costs, and USD 62.1 million was used to settle banking liabilities.
According to him, similar expenditures in 1404 have so far totaled USD 1.064 billion.
Shariatmadari also pointed out that due to the ongoing nature of currency transfer operations, USD 220.6 million was carried over from 1402 to 1403, while USD 111.5 million was transferred from 1403 into 1404.
A review of the performance of “Fars” shows that the company has met all of its foreign exchange commitments since 1397 (2018–2019). As of now, from its 1404 revenues, USD 154 million in sold foreign currency remains with banks, while more than USD 135 million is available for supply through the NIMA system.