Addressing a press conference on Sunday, Jafar Rabiei said the petrochemical industry was a fore-running sector which played a crucial role in the country’s economy, the National Petrochemical Company (NPC) reported.

He said PGPIC’s revenues had increased compared to the previous year, adding the company’s capital had increased from Rls. 50,000 billion to Rls. 90,000 billion.

The official also underlined the collaboration of PGPIC, a major petrochemical holding in Iran, with the Iranian Petroleum Ministry, saying the relations were two-way benefiting both bodies.