In a joint meeting on synergy between Tappico Holdings and Aqaba, with the aim of improving the performance and increasing the profitability of the Persian Gulf Star Oil Refinery Company, with a daily production of 45 million liters of gasoline and a strategic role in the country's sustainable fuel supply, important agreements were reached between the major shareholders of the world's largest gas condensate refinery.
According to the Tapico Public Relations, Brand and Social Responsibility report, the CEO of Tapico Holding, in a joint meeting of synergy between two major Iranian investment holdings hosted by Tamin Oil and Gas Investment Holding and Petrochemical Holding, referred to the demands and expectations of this holding as a major shareholder from the senior managers of the Persian Gulf Star Oil Refinery Company, and considered the profitability of the world's largest gas condensate refinery "inappropriate" in the current conditions and compared to other refining companies, and stated: "In order to pursue the fulfillment of the rights and demands of the esteemed shareholders, a significant increase in the profitability of Star Oil by designing and developing a specific plan should be prioritized."
Rouhollah Shahidipour, emphasizing the special follow-up leading to the achievement of results on the very important issues of determining the debt settlement, increasing the quality of feed, and amending the feed pricing formula from the relevant authorities, expressed hope that with the synergy and support of Tapico Holdings and Targets as major shareholders, we will be able to bring maximum benefits to the respected shareholders of this strategic company through timely decisions and actions in the Persian Gulf Star Oil Refinery Company.
In the end, the CEO of Tapico Holding asked the senior managers of Star Oil, as the largest asset of this holding, to make maximum efforts and follow-up in order to fulfill these demands of the respected shareholders.
Mehdi Abouri, CEO of Agafa Investment Holding, thanked the CEO of Tamin Oil, Gas and Petrochemical Investment Holding for holding the joint meeting to enhance synergy and welcomed the suggestions of the CEO of Tamin Oil, Gas and Petrochemical Investment Holding in this meeting, and stated: "Dr. Shahidipour presented good suggestions to increase the profitability of Persian Gulf Star Oil, and this holding is ready to cooperate and support any kind of agreement in this regard."
At the end of this meeting, Vahid Qaneifard, CEO of Persian Gulf Star Oil Refining Company, while presenting a report on the company's latest actions, addressed the most important current problems and key challenges ahead and said: "Currently, the Star Oil Refinery, with a daily production of 45 million liters of gasoline, plays a strategic role in the sustainable supply of fuel to the country."
It should be noted that in this meeting, senior managers of Tapico and Agafa Holdings were informed about the latest performance status, production trends, and project progress, as well as future plans of Persian Gulf Star Oil Refining Company.