This milestone reflects progress under the "New Bandar Imam" development initiative, which emphasizes securing long-term, stable feedstock to ensure production continuity and growth, the company’s Public Relations Office said.
NGL Intake Doubles Since 2021
A key driver of the feedstock surge was the sharp rise in natural gas liquids (NGL) intake, which climbed from 40,000 barrels per day in 2021 to over 80,000 barrels per day in 2024. This equates to 2.5 million tons of NGL, setting a new seven-year record and significantly boosting production capacity.
Strategic Investments Pay Off
This performance is the result of sustained strategic investments over recent years, including:
Over 5 trillion IRR spent on NGL procurement from the South Oilfields
A $1 billion investment in the Hoveyzeh Gas Refinery
A €65 million contribution to the Dehloran Petro-Refinery Project
These capital projects were part of a broader strategy to diversify and stabilize the company’s feedstock sources.
Highest Production Volume in Six Years
With enhanced feedstock flows, Bandar Imam Petrochemical also recorded approximately 4.873 million tons of production in 2024—the highest output in six years and a 36% increase over 2021.
This strong performance aligns with the company’s broader transformation plan and signals tangible progress toward completing the petrochemical value chain and achieving sustainable production growth.