Mohammad Shariatmadari, CEO of PGPIC, said the group supplied a total of $3.38 billion in foreign currency to Iran’s NIMA foreign exchange system in 2024. He added that in 2025 to date, the holding generated $3.72 billion in foreign exchange resources, of which $2.28 billion has already been offered through NIMA.
According to Shariatmadari, total foreign currency resources generated by the group in 2024 amounted to $4.74 billion, of which $441.8 million was allocated to the purchase of raw materials, spare parts and catalysts, $743.5 million to logistics and transportation costs, and $62.1 million to the settlement of banking liabilities. He noted that similar expenditures in 2025 have so far totaled $1.06 billion.
The PGPIC chief executive also said that due to the ongoing nature of foreign exchange transfers, $220.6 million was carried over from 2022 into 2023, while $111.5 million was transferred from 2023 into 2024.
Shariatmadari emphasized that the group has fully complied with its foreign exchange commitments every year since 2018, adding that as of 2025, about $154 million in foreign currency revenues remain deposited with banks, while more than $135 million is ready to be supplied to the NIMA system.