Urea is one of the most widely used products, especially in the field of agriculture, and with the growth of the population and the demand for food, the demand for this product will also increase. Shiraz Petrochemical Company has improved the company’s position in exports by establishing a warehouse for product depots in Bandar Abbas. Shiraz Petrochemical Company has a competitive advantage over other companies in the same group with 7 types of products. The existence of 2 exclusive products, UAN and ammonium nitrate, has also distinguished this company from competing companies. According to published statistics, Shiraz Petrochemical Company ranks second among urea producers in the country.
The main product of Shiraz Petrochemical Company is urea. The company has various products including ammonia and methanol. The production volume of this company’s products for the 9-month period ending 30/09/1403 (December 2024) was 2,440,439 tons. The most important customers of urea exports are countries such as India, Latin America, Turkey, Central Asia, East Asia, South Africa and Brazil. Inside the country, urea fertilizer is mainly sold in the agricultural sector (including support service companies and affiliated cooperative companies) and ammonium nitrate products are sold to the Defense Industries Organization. The company’s products are also offered on the Iranian Commodity Exchange and the Iran Energy Exchange.
The company sold 1,452,075 tons in the 9-month period ending 30/09/1403 and is expected to sell 1,749,537 tons by the end of the fiscal year. The sales price of export products (mainly urea) is determined at the time of registration of the sales order based on the global sales price and with reference to international publications and sources after approval by the major shareholder pricing working group. The sales price of urea fertilizer to the Agricultural Support Services Company and affiliated unions is determined based on the notified duty prices.
Shiraz Petrochemical Company had sales of 19.618 billion tomans in the 9-month fiscal period ending on 30/09/1403, and it is expected that the company’s sales will reach 25.721 billion tomans by the end of the fiscal year 2024/2025. In the month ending on January 2025, Shiraz Petrochemical Company managed to earn 18,444 billion and 320 million Rials in revenue from the sale of its products, and in the same period last year, it experienced a revenue of 21,203 billion and 867 million rials.
The income earned last month amounted to 19,727 billion and 365 million rials. Among the products supplied, the bulk export urea product, with a share of 11,579 billion and 844 million rials, equivalent to 62 percent of the total income, played a significant role in realizing the operating income of January. Next, the two products of agricultural urea and industrial nitrate, which were sold for a value of 4,465 billion and 673 million rials and 1,564 billion and 528 million rials, respectively, were in the second and third places in terms of the highest sales value. Shiraz Petrochemical In the first month of January of this year, the production reached 67,02 tons, of which 95,665 tons of products were sold with a volume greater than production.
This is while in the same month last year, the company managed to produce 297,224 tons of products and sold 179,123 tons of products, with a share of 60 percent of the production. The company’s production volume in the last month (November 2024) was 123,928 tons, and the company’s sales volume in the last month was 118,593 tons. It should be noted that urea, with a production volume of 19,984 tons, has accounted for the largest share in the production volume in the month of January 2025, and the highest sales volume of 49,999 tons was allocated to bulk export urea.
