{"id":16324,"date":"2025-12-10T03:54:07","date_gmt":"2025-12-10T03:54:07","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16324"},"modified":"2025-12-10T03:54:24","modified_gmt":"2025-12-10T03:54:24","slug":"pgpic-reports-7-production-growth","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16324\/","title":{"rendered":"PGPIC reports 7% production growth"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the company\u2019s production rose 7 percent last year as a result of research and development investments. He added that technology and innovation generated 590 trillion rials in additional operating revenue and cut operating costs by 180 trillion rials.<\/p>\n

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Speaking Tuesday at the closing ceremony of the Petrofan 1404 conference, Mohammad Shariatmadari said the event is no longer limited to an internal organizational focus. \u201cWe hope to create an event that accurately reflects the country\u2019s needs and brings together knowledge-based companies and executives from other firms and holdings,\u201d he said. \u201cTechnology and innovation are not just today\u2019s concerns; they are the strategic and economic foundations of a rapidly transforming world.\u201d<\/p>\n

Shariatmadari said the petrochemical industry has undergone major changes, from carbon management to digitalization. \u201cSmartening companies requires significant work,\u201d he said. \u201cData must be deeply integrated into industrial processes. Despite various obstacles, the country has no choice but to move in this direction.\u201d<\/p>\n

He emphasized the need to deepen digital transformation by developing appropriate software, localizing industrial processes and enabling smart control across the entire chain, from production to final-market consumption. \u201cOur innovative young people are capable, and Iran has strong capacities,\u201d he said.<\/p>\n

$14b in Projects Underway at Persian Gulf Holding<\/strong><\/p>\n

Shariatmadari said the holding company currently has $14 billion worth of projects under development, adding that broad cooperation with domestic companies can generate significant momentum.<\/p>\n

He reiterated the importance of investing in innovation and research and avoiding the use of existing resources for non-innovative activities. Production at the holding increased 7 percent last year due to R&D investments, he said.<\/p>\n

He added that over the past year, technology and innovation led to 590 trillion rials in higher operating revenue and 180 trillion rials in cost reductions.<\/p>\n

With $65 million invested in domestic manufacturing, Shariatmadari said the company saved $101 million in foreign currency outflow. He said 350 new technological needs were presented at this year\u2019s Petrofan event to more than 300 new technology-based firms, expressing hope that the effort will yield valuable results.<\/p>\n<\/div>\n<\/div>\n

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