Pezhvak energy company has advanced six places in the latest annual rankings by the Industrial Management Organization of Iran (IMI-100), achieving the 16th position among the nation’s top contracting companies. Additionally, the company secured the 68th spot within the third group of 100 companies, distinguishing itself as one of the most profitable entities in Iran’s upstream oil sector. With a remarkable revenue growth of 56%, from 12,699.6 billion rials in 2022 to 19,782.8 billion rials in 2023, Pezhvak Energy successfully maintained its position within the top 300 companies in the country.
The IMI-100 rankings, conducted for the 27th consecutive year, are based on the financial performance of companies during 2023 and evaluate 32 diverse indicators. These include market value, employment generation, total assets, revenue, profitability, and export performance. This comprehensive ranking aims to enhance business transparency and foster competition among Iran’s economic enterprises, ultimately recognizing the top 500 companies across all industries.
Pezhvak Energy’s progress reflects its commitment to innovation and effective management, solidifying its status as a leader in Iran’s upstream oil and gas sector. The company’s dedication to excellence ensures its continued role as a driving force in the industry.