State Inspectorate: government receivables from petrochemical and refining companies reached 734 trillion tomans by late December 2025

Ashkan Mirmohammadi, spokesman for Iran's General Inspection Organisation, said on Saturday, 1 August 2026, that the government's total receivables from petrochemical and refining companies had reached 734 trillion tomans by the end of Azar 1404 (late December 2025). He said a significant portion of the debt relates to feedstock and fuel delivered to these companies.

According to the announcement, of that total the National Iranian Oil Company is owed 334 trillion tomans, the National Iranian Gas Company 273 trillion tomans and the National Iranian Oil Refining and Distribution Company 105 trillion tomans. Mirmohammadi said that in the first stage of follow up, 76 trillion tomans of the receivables were collected, along with 64 trillion tomans in guarantee cheques and 13 trillion tomans in letters of credit. After 59 warning letters were issued to indebted companies, a further 45 trillion tomans was collected, with part of the remaining claims still in the collection process.

He listed the reasons put forward by the indebted companies as payments made under tax seizure orders, disputes over pricing bases, and the non payment of the companies' own counter claims against the government, adding that the Special Affairs Inspection Office is verifying those explanations. Refining and petrochemical groups are among the most heavily weighted sectors on the Tehran Stock Exchange, and settling these claims bears on their cash flow and profitability.