BAKU, Azerbaijan, May 1. The net income of Iran's Persian Gulf Petrochemical Industries Holding is expected to increase by 42 percent for the current Iranian year (March 21, 2023 through March 19, 2024), compared to the last year (March 21, 2022 through March 20, 2023), CEO of the company Abdolali Ali Asghari said, Trend reports citing Shana News Agency.
He made the remark at the 14th Iranian International Petrochemical Industry Conference held in Tehran on May 1.
The CEO noted that the net income of Iran's Persian Gulf Petrochemical Industries Holding stood at 950 trillion rials (about $22.6 billion) in the last Iranian year, while this figure is expected to be 1.35 quadrillion rials (about $32.1 billion) in the current year.
Ali Asghari added that last year, the holding earned $6.2 billion from the petrochemical exports alone.
“Currently, the holding is building new petrochemical plants and related facilities worth $15 billion. The goal is to produce and sale final petrochemical products,” he said.
Iran's Persian Gulf Petrochemical Industries Holding is considered one of the main petrochemical companies in the country.
At present, the holding’s annual production is over 20 million tons. The holding plans to increase its annual production to 46 million tons until 2026.
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