Approximately 2 months are passed from the management of the new CEO of the Persian Gulf Petrochemical Trade and Industry Company. Due to imposed US sanctions, the company, which is the Achilles heel of the Persian Gulf Holding, is faced with duty of imposing the higher influence on selling more petrochemicals of this holding to the market.
However, over the past 2 months, the incompetence of the unit in the sale of only two LPG and Reformate products has been estimated to cost more than $ 40 million in damage to the Persian Gulf Holding and national interests.
At the moment, however, Bu-Ali Sina petrochemical plant has been operating at 50% of its capacity, and today it has completely withdrawn from services due to filling of their reservoirs. Also Pars petrochemical are producing only at 40% of its capacity, which will surely be the cause of the lack of profits of this production unit. So that, if we calculate the damages it will go above the mentioned rate.
Bu-Ali Sina’s petrochemicals are currently producing 50% of the capacity in the last two months due to the inability of Ebadzadeh, the CEO of the industry, to sell the Reformate product, according to the report.
On the other hand, ship hiring and the non-sale of petrochemicals in Bandar-e-Imam and Pars have caused about $ 35 million in damage to the Persian Gulf Holding over the past two months, which is also attributed to the inability of the industry to sell the product.
At the same time, it seems that regulatory agencies should seek to prevent further damage to national interests as soon as possible, because in the easiest way, 40% of the Persian Gulf holding’s shares are in the hands of the equity and poor society, and supervisors should defend their rights. The managing director of the Persian Gulf Holding, though due to his position, has the right to change management in his sub-collections, but should consequently be responsible for damages that he has imposed on the country with a change of a manager. However, some experts do not find this huge loss, and, of course, do not look for managerial mistakes in the inability of managers, and believe that the secret hands are seeking to undermine the industry to exploit the situation and, at the same time, interact with other companies for the sector.
Trading is the Persian Gulf Holding’s duty, and therefore, the attention of the supervisory authorities to this set is more than ever before, so that secret hands will not seek to profit from national interests as well in such difficult economic conditions! Otherwise, not too far from now the petrochemical crisis may end to another public protests.
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