Energy diplomacy Archives

Khark Petrochemical’s Net profit climbs to 8.7 trillion tomans ($32.04 million) as higher product prices offset production shutdowns, feedstock shortages and reduced operating capacity.

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Kharg Petrochemical Co. (SHAKHARK) reported a 115% year-on-year increase in operating revenue to 21.298 trillion tomans during the spring-summer period of 2026, with all sales generated through exports, according to the company’s latest disclosure on Iran’s Codal reporting system. September alone accounted for 3.188 trillion tomans in revenue, led by sales of butane and pentane.

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Shiraz Petrochemical Co. reported operating revenue of 23.84 trillion tomans during the spring-summer period of 2026, up 31.7% from a year earlier, despite a sharp decline in production and sales volumes. The company’s performance report also points to mounting cost pressures, with feed gas expenses rising more than 150% over the six-month period and foreign-currency earnings falling by a third.

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sales composition also shows that the majority of Shiraz Petrochemical’s income continues to come from urea-chain products.

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Zagros Petrochemical is pursuing improved sales by diversifying markets at more favorable prices in order to achieve greater profitability.

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The diversification of our export markets depends on regional conditions, and we try to secure these markets with grades that have higher profitability and profit margins.

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Right now, Jam Petrochemical’s main priority is the markets of Africa and the Middle East and neighboring countries.

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The CEO of Jam Petrochemical said: The fiscal year of April 2025-April 2026 was a year of record-breaking, resilience against war, and continuation of production despite enemy attacks for Jam Petrochemical.

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The average export sales rate for products in last fiscal year was in the range of $375 to $380. It was also noted that the export rate increased from about $308 to $370 per ton.

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Our first strategic approach is to start downstream activities in the methanol chain. Therefore, Khargh Petrochemical is ahead and pioneer in this area compared to other petrochemicals, due to the conditions and facilities.

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In the fiscal year ending March 19, 2026, the company achieved sales of 21,172 billion tomans, which, compared to the previous fiscal year’s 16,838 billion tomans, represents a 26% increase.

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Countries such as the United States, Russia, Norway, and several African oil producers may benefit from rising global oil prices. As exports from Iran and parts of the Persian Gulf decline, these countries could capture a larger share of the global energy market.

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