According to PGPIC’s public relations office, Shariatmadari outlined the three core strategic priorities for PGPIC are as following: strengthening financial discipline, adopting a revenue- and market-driven approach to production, and ensuring sustainable feedstock supply for all complexes.
He emphasized that securing feedstock requires a two-step approach. “First, we must assess our existing feedstock needs, and then evaluate the requirements of our development projects. Only then should we enter negotiations with the upstream sector,” he said.
He noted that a significant share of feedstock-related challenges can be resolved through optimization of upstream facilities, adding that investment in feedstock supply should be the final step, not the first.
Shariatmadari highlighted the crucial role of Persian Gulf Bidboland Gas Refining Company and Persian Gulf Hoveizeh Gas Refining Company in providing feedstock to downstream producers. He underscored that a CEO’s role extends far beyond production and development: “A chief executive must also play a major role in marketing and sales.”
Addressing debt management, he stressed that when financial discipline accompanies revenue-focused and commercial approaches—alongside sound financing strategies—companies will face no disruption in servicing their obligations. “Financial discipline must be at the top of every CEO’s agenda,” he said.
The ceremony, attended by board members, deputies, advisors, and senior executives of PGPIC, also included appreciation for the outgoing CEOs: Javanshir Sadeghi (Bidboland), Afshin Kiani (Hoveizeh), Alireza Sedighizadeh (Karun), Mostafa Heydarian (Boroujen), and Mostafa Rahimi (PGPIC International Cooperation Development Company).
The following appointments were formally introduced:
Hassan Neshanzadeh-Moghadam, CEO, Bidboland Gas Refining Company
Rahim Mohammadi-Mehr, CEO, Boroujen Petrochemical Company
Javanshir Sadeghi, CEO, Hoveizeh Gas Refining Company
Afshin Kiani, CEO, Karun Petrochemical Company
Shayan Naghizadeh, CEO, PGPIC International Cooperation Development Company
Shariatmadari concluded by reaffirming that the new strategic direction—built on financial rigor, commercial insight, and feedstock stability—will strengthen the competitiveness and long-term operational resilience of the PGPIC Group.