History

Iranian National Company of Petrochemical Industries adopted a range of development policies namely to enhance the share of petrochemical sector in oil exports upon the country’s five year development plan and to establish giant petrochemical production units on southern coasts so as to have an easier access to world markets.

As follows up, it put on agenda to establish exports piers both in the Pars Port situated in the Pars Energy special economic zone and in the petrochemical organization’s special economic zone. To that effect, the board of directors of the Iranian National Company of Petrochemical Industries approved on April 27, 2001 to establish an independent unit titled ‘management of exports depots and reserves’.

Subsequently, on January 13, 2002, following a modification in the Articles of Association, the company was renamed to Petrochemical Depots and Reserves Company (private shares) as a subsidiary commercial unit to the Iranian National Company of Petrochemical Industries with its central office in Tehran.

The company officially started activity late in March 2002 by running the pier number one in the Petrochemical Special economic Zone situated in Imam Khomeini (RH) Port.