According to the Public Relations Department of PGPIC, Mohammad Shariatmadari highlighted the necessity of establishing a venture capital fund, calling it a significant step toward facilitating the active participation of knowledge-based companies in the petrochemical industry.
He stressed the importance of preparing a financial annex before initiating any new project, stating, “No project will be allowed to begin without a financial plan. We cannot afford to launch a project first and then worry about securing the necessary funding later.” He added that all projects must be accompanied by a clear roadmap with defined timelines for every stage, and financial resources will be allocated based on the actual progress of each project. “Project execution budgets must not be used to compensate for other financial shortcomings,” he emphasized.
Reaffirming the holding’s commitment to supporting domestic production, Shariatmadari referred to the organization of the PetroTech Conference and the PetroChem Exhibition. He insisted that such initiatives should not be short-term events but must be institutionalized through the creation of a permanent secretariat to serve as a consistent bridge between production companies and the holding.
The CEO also pointed to the positive performance trends within PGPIC and its subsidiaries, saying, “All indicators reflect growth in production and sales, which is a testament to the effective steps taken thus far.”
However, he warned that progress should not stall, and new initiatives must be launched. “I believe the holding should be responsible for oversight, encouragement, support, and setting macro-level strategies and policies. I advocate for decentralization in operational affairs,” he said.
Emphasizing the need for structural reform, Shariatmadari stated that the organizational framework must be revised by the end of 2025. He also acknowledged the existence of challenges in human resources that require fundamental adjustments.
Addressing the importance of risk management in the petrochemical sector, he criticized superficial approaches, asserting that, “Risk management must go beyond technical documentation—it must also address financial issues, economic and non-economic threats, and external organizational risks.”
Elsewhere in his remarks, Shariatmadari underscored the role of artificial intelligence, cautioning against superficial adoption. “We must move beyond mere slogans and achieve practical integration of artificial and industrial intelligence. The Digital Transformation Council has been tasked with making this vision a reality,” he explained.
In conclusion, Shariatmadari reminded production complex managers of the value of maintaining strong and ongoing relations with local communities. “A successful manager is one who builds positive connections with local residents and authorities. However, such relationships must never lead to illegal or indefensible dealings,” he warned.