BAKU, Azerbaijan, July 14
By Elnur Baghishov – Trend:
The net revenues of Iran’s Persian Gulf Mobin Energy Company increased by 37 percent in the last year of Iran (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), the Executive Director of the company Mehdi Farzaneh said in the company’s annual meeting, Trend reports citing Shana News Agency.
According to him, the company's net revenues in the last Iranian amounted to 40 trillion rials (about $952 million).
“However, this figure was estimated to be about 29 trillion rials (about $690 million),” the director said.
Farzaneh added that last year, the company produced about 33,652 spare parts in order to increase domestic production and reduce dependence on foreign companies. About 8,329 of them were produced domestically in Iran for the first time.
Reportedly, the Persian Gulf Mobin Energy Company is operating in the production of various types of industrial waters, oxygen, nitrogen, and others. The area of this company is 84 hectares. The company's shareholders are the Persian Gulf Petrochemical Industry Company (83.08 percent), Saba Investment Company (1.27 percent), Tosee Melli Investment Company (1.09 percent), and others (14.56 percent).