The update was delivered during the company’s annual general meeting (AGM) for the fiscal year ending March 2025, which was attended by shareholders, board members, and the legal auditor.
Rahman Mansourian, acting CEO of Hengam Petrochemical, opened the meeting by thanking the board for its support and emphasized the strategic importance of the urea project. He confirmed that installation is progressing according to schedule and will be finalized by the end of the Iranian month of Shahrivar (mid-to-late September).
He further stated that full-scale operations and official product sales will commence in Aban (late October to mid-November).
Mansourian noted that the urea project is a key development within both the company’s portfolio and the broader petrochemical industry, expected to significantly boost national urea production capacity and enhance corporate profitability.
The meeting concluded with the approval of the company’s 1403 financial statements, the legal auditor’s report, and other agenda items.