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Joint U.S.-Israeli airstrikes on an industrial zone in Iran’s Khuzestan region on Saturday have damaged electrical units at Razi Petrochemical Co., a joint venture of Turkish fertilizer company Gubretas, forcing the company to temporarily halt production.
The attack targeted an area hosting multiple petrochemical facilities, where electrical units at Razi’s plant were damaged, the company said in a disclosure late Sunday. The impact cut power to key systems, bringing production to a standstill.
Gubretas noted that the damage remains confined to electrical units, with no structural or broader operational harm detected across the facility.
Other sections of the plant continue to stand intact, and no additional impact has been identified in production lines beyond the power-related disruption.
The company flagged that technical teams have begun assessing the extent of the damage and are working to restore electricity to critical systems.
The Razi facility is the leading overseas asset of Gubretas, producing 1.35 million tons of fertilizer in 2024 and playing a key role in supplying regional agricultural demand.
The company had earlier moved toward a possible sale, approving a tender process for its 48.88% stake in February 2025. That path was later shelved in November, with Gubretas opting to retain control of the asset.
Founded in 1952, Gubretas is a fertilizer producer majority-owned by Tarim Kredi Kooperatifleri, a nationwide farmers’ cooperative union, and accounts for more than 30% of the country’s agricultural input market.
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