Tabriz Petrochemical Company held its Ordinary Annual General Meeting for the fiscal year ended March 19, 2026, on June 30, with the participation of the majority of shareholders and their representatives, members of the Board of Directors and senior company executives.
Presenting the company’s annual performance report, the CEO highlighted total production of more than 800,000 tonnes, a 22% increase in sales, continued progress on major development projects and the completion of the process for listing the company’s shares on the Tehran Stock Exchange.
The meeting was chaired by Dr. Ebrahim Sadeghi, representing Parsian Oil and Gas Development Group Company (POGDC). During the session, shareholders reviewed the Board of Directors’ performance report, financial statements and key development plans. They also expressed their support for continued development, higher productivity and the implementation of strategic projects.
A challenging year: From a major turnaround to wartime conditions
Dr. Seyed Nourollah Mirashrafi, CEO and Vice Chairman of the Board of Directors, described the 2025–2026 fiscal year as one of the most complex and demanding periods in the company’s history.
Despite the difficult conditions, he said, Tabriz Petrochemical succeeded in maintaining production and sales while continuing to implement its development programs.
The company carried out one of the largest turnarounds in its history during the year while also dealing with the consequences of the 12-day war, restrictions linked to the Ramadan war, supply-chain disruptions and attacks on infrastructure.
According to Mirashrafi, the company relied on domestic technical expertise, detailed planning and coordinated management to complete the major overhaul safely and resume stable operations.
More than 800,000 tonnes of production
Tabriz Petrochemical’s total production exceeded 800,000 tonnes during the 2025–2026 fiscal year.
Mirashrafi said the production figure was achieved despite scheduled shutdowns related to the major overhaul, wartime restrictions and other operational challenges.
He described the result as an indication of the complex’s operational capabilities, technical preparedness and flexibility under difficult conditions.
Sales growth strengthens financial performance
The company’s total sales value increased by 22% in the 2025–2026 fiscal year compared with the previous year, while domestic sales grew by 34%.
Mirashrafi attributed the growth to a focus on more profitable markets, improved sales management and greater use of domestic market opportunities.
He added that gross profit, operating profit and net profit also continued to improve during the year.
Despite higher costs for production, feedstock, energy and services, the company maintained its financial performance through cost controls, productivity improvements and optimization of its product sales mix.
Development projects remain a strategic priority
Development projects continued to be a major focus for Tabriz Petrochemical during the year.
Mirashrafi said the 310,000-tonne heavy polyethylene project was progressing well, while the ethylbenzene and styrene monomer project was also being pursued as one of the company’s key development initiatives.
Other strategic projects include the transfer and treatment of urban wastewater, completion of the polypropylene unit, expansion of energy infrastructure and the development of off-site facilities.
The projects are aimed at increasing production capacity, diversifying the company’s product portfolio and generating greater added value.
Tehran Stock Exchange listing completed
Mirashrafi also announced that the process of listing Tabriz Petrochemical’s shares on the Tehran Stock Exchange had been completed.
He said the listing would support greater transparency, facilitate investment and financing for development projects, and contribute to increasing the company’s overall value.
Productivity and energy efficiency
Energy and environmental performance were also highlighted in the company’s annual report.
According to Mirashrafi, corrective measures and process optimization reduced the company’s energy consumption index by 22% and its water consumption index by 19% compared with the original design benchmarks.
The reductions have helped lower operating costs while supporting the company’s broader sustainable development objectives.
Innovation and self-sufficiency drive product development
Research and development activities also produced several new achievements during the 2025–2026 fiscal year.
These included the production of new colored ABS grades, development of a new C5+ hydrocarbon cut, production of low-pentane expandable polystyrene, and increased domestic manufacturing of strategic equipment and components.
Mirashrafi said these initiatives would help reduce reliance on foreign suppliers while creating opportunities for export growth, higher value-added production and a more effective response to the needs of downstream industries.
