According to the Persian Gulf Petrochemical Industries Company (PGPIC), a ceremony was held on Wednesday to sign the document in the presence of PGPIC CEO and the CEOs of Tondgouyan and Chegalesh Company.

Seyed Reza Ghasemi-Shahri, CEO of Shahid Tondgouyan Petrochemical Company, addressing the ceremony, stated that the value of the contract is about €30 million, adding that the financial and capital resources of the project will be provided entirely from the internal resources of the company and partly from the banking network.