In a meeting with senior managers of the Persian Gulf Petrochemical Industries Company, Mohammad Shariatmadari detailed a series of reforms and strategic priorities aimed at accelerating growth and transformation across Iran’s petrochemical sector in 2025.
Putting emphasis on research and development, Shariatmadari called for the establishment of a venture capital fund to enable knowledge-based companies to actively participate in the industry’s future.
"No project will be allowed to begin without a financial plan," he stated, insisting that financial annexes must be prepared prior to project initiation, and that funding will be tied to tangible progress. He warned against using project budgets to offset unrelated financial gaps.
Shariatmadari also underscored the need to institutionalize industry events, such as the PetroTech Conference and PetroChem Exhibition, by creating a permanent secretariat to foster ongoing collaboration between production firms and the holding.
Citing positive performance trends in production and sales, he acknowledged recent achievements but stressed the importance of continued momentum. "The holding must lead through oversight, support, and strategic guidance, while decentralizing operational tasks," he said.
A major theme of the CEO’s address was the necessity for structural reform. He called for a complete revision of PGPIC’s organizational structure by the end of 2025 and highlighted existing challenges in human resources that demand fundamental change.
On risk management, Shariatmadari criticized superficial approaches and urged a comprehensive strategy that addresses not only technical risks, but also financial, economic, and external threats.
Regarding artificial intelligence, he cautioned against buzzword-driven adoption. "We need practical integration of artificial and industrial intelligence. The Digital Transformation Council is tasked with delivering real outcomes," he said.
In closing, Shariatmadari urged managers to strengthen relations with local communities. “A successful manager builds trust with local residents and authorities—but always within legal and ethical boundaries,” he concluded.