In a recent interview, Abbas Karimi CEO of Shazand Petrochemical Company has referred to the upcoming overhaul of the company and said this overhaul, which will be carried out on a very extensive scale, will begin on June 17 for about a month, and major repairs on this scale were last carried out in 2014.
He also referred to the most important measures of these repairs and said they are on the agenda in all 23 production units and ancillary services. The most important programs include the repair and overhaul of various compressors at the complex level, as well as the replacement of the EO/EG unit catalyst. For initial preparation, some units will be gradually removed from production.
Production of new hydrocarbon grades in Sharak
In another part of his interview Karimi referred to the production of new hydrocarbon grades and said: about 25 percent of the company’s sales were related to the A80 hydrocarbon product, the export market of which is Afghanistan. Due to the implementation of new laws by the Afghan government on May 7, the export of this product has currently been stopped.
He added the staff in the processing and production departments are reviewing and taking action to produce new grades with updated formulas to replace the A92 product.
Reform of feedstock pricing method; a promise for Sharak shareholders
He further criticized the current feed pricing process and in the past two years, feed pricing was carried out by the Oil Refining Industry Employers’ Association, which was legally problematic. He noted that with continuous follow-up over the past four months and sending more than 35 letters to relevant institutions, and with the cooperation of the Ministry of Oil and the Islamic Consultative Assembly, especially Mr. Azimifar, Deputy Minister of petroleum, and officials of the National Iranian Oil Products Refining and Distribution Company(NIOPRDC), feed pricing will be carried out again in the previous manner and through this company from the beginning of July. This reform will undoubtedly have a positive impact on Sharak’s financial performance.
