According to the Public Relations Office of Bandar Imam Petrochemical Company, securing a stable and sustainable feedstock supply is a key pillar of the company’s "New Bandar Imam" development initiative. In 2024, the company registered a remarkable milestone by receiving approximately 3.5 million tons of feedstock—an increase of over 50% compared to 2021, and the highest volume recorded in seven years.
Daily NGL Intake Surpasses 80,000 Barrels
The company has also seen a significant leap in its intake of natural gas liquids (NGL), increasing from 40,000 barrels per day in 2021 to over 80,000 barrels per day in 2024. With a total of 2.5 million tons of NGL received in 2024, the company set a new seven-year record, contributing substantially to the growth of its overall production.
Strategic Investments Drive Feedstock Growth
This achievement has been made possible through meticulous planning and targeted investments over recent years. Key actions include major overhauls and the procurement of NGL components from the South Oilfields valued at over 5 trillion IRR, a $1 billion investment in the Hoveyzeh Gas Refinery, and an infusion of €65 million into the Dehloran Petro-Refinery project.
Record-High Production in Six Years
As a result of the increased feedstock supply, the company achieved another major milestone in 2024 by reaching a production volume of approximately 4.873 million tons—the highest in the past six years. This figure reflects a 36% increase in production compared to 2021 and represents a significant step toward the company’s long-term production goals.