At the company’s annual general meeting, CEO Sephedar Ansari-Nik said Bandar Imam Petrochemical Company accounted for 6.5% of Iran’s total petrochemical output, ranking first in production and second in sales among all complexes nationwide. He noted that exports generated $892 million in foreign currency earnings for the Iranian economy.
Ansari-Nik added that average NGL feedstock rose from 60,000 bpd to above 80,000 bpd, with the 100,000 bpd milestone reached and maintained during several periods last year. For the current year, the company is targeting a new record of 120,000 bpd.
The AGM also approved the company’s financial statements, dividend distribution, and a second consecutive capital increase with the backing of Persian Gulf Petrochemical Industries Company (PGPIC).