Persian Gulf Holding and MAPNA agree to accelerate power supply projects for damaged units

The Persian Gulf Petrochemical Industries Company said in a public relations statement on Saturday 1 August 2026 that a joint meeting with managers of the MAPNA Industrial Group had agreed to draw up an operational timetable and to accelerate the implementation of power supply projects for the holding's damaged companies.

Mohammad Shariatmadari, chief executive of the Persian Gulf Petrochemical Industries Company, said that from the first day after the attack on the holding's subsidiaries, various routes for securing electricity from different sources had been pursued so that production could return to stable conditions in the shortest possible time. He described stable and reliable energy supply as the holding's most important current priority and called fluctuations and constraints in power supply one of the serious challenges facing the petrochemical industry.

Khalil Behbahani, chief executive of the MAPNA Industrial Group, announced the group's readiness to present an operational plan and to deliver the power plant projects for the damaged companies on schedule. At the meeting, the chief executives of Fajr Energy Persian Gulf, Bandar Imam Petrochemical and Mobin Energy Persian Gulf reported on the progress of negotiations and the steps taken to rebuild the damaged units, particularly in power supply. Both groups are among the large companies listed on the Tehran Stock Exchange.