What is Bu Ali Sina Petrochemical’s strategy to continue making profits?

According to an exclusive report by Energy Press, while Bu Ali Petrochemical was able to record a performance exceeding its nominal capacity in 1403, questions are raised about the continuation of this trend, plans to increase profitability and the diversity of the complex’s export products. In an interview with Energy Press, the company’s CEO, Mohammad Ahmadzadeh, spoke about development plans, efforts to exceed the production ceiling, and focusing on foreign exchange sales.
Increasing production capacity; beyond current limits
In response to the question of whether production exceeding 120 percent of nominal capacity can continue to increase or whether the company’s focus will shift to producing higher value-added products, Ahmadzadeh explained: “Our effort is to increase production even more. We are pursuing this goal by removing production bottlenecks and developing infrastructure. For example, so far we have rented about 16 tanks, built new transmission lines, and provided the necessary facilities for blending products. Therefore, we intend to move beyond the 2.1 million tons target and we will do our best in this direction.”
Focus on foreign exchange profitability and export portfolio diversification
In another part of his speech, Petrochemical CEO Bu Ali Sina, referring to the company’s financial goals, said: “There are several factors that affect profits, especially foreign exchange profits. Part of our sales are made in foreign exchange, and in this regard, we are trying to increase the share of foreign exchange sales, of course, within the framework of the country’s internal mechanisms.”