5 February 2022 - 16:41
  • News Code: 452876
Funding PGPIC Projects Accelerating: CEO

TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said: "This company seeks to accelerate the financing of the group's projects by tapping the capacities of the banking system and the capital market."

According to PGPIC, Abdul Ali Ali Asgari, in a meeting with Ayatollah Ebrahimi, the CEO of Bank Sepah, which was held to expand the bank's cooperation with the country's largest petrochemical holding, expressed hope for expanding the group's relations with Bank Sepah, and said: "Today, several banks have been consolidated in Bank Sepah, which is a great work in the history of the country's banking, and we also see that this bank is integrating the banking system and making it the largest bank in the country."

"The Persian Gulf Petrochemical Industries Company is a non-governmental company with millions of Iranian shareholders," he said.

The PGPIC CEO noted that the next step of this company is to upgrade the group's position in the capital market, which will cause the growth of the group's shares and the profit of this growth to the shareholders.

Ali Asgari continued: "Development of the value chain of the petrochemical industry in the Persian Gulf Holding is on the agenda, in such a way that it provides investment opportunities in the middle and downstream industries and by creating or supporting medium and small knowledge-based companies, we create more wealth and increase employment, which is emphasized by the Supreme Leader.”

Referring to the Ministry of Petroleum's emphasis on the investment of the Persian Gulf Group in the upstream part of the oil industry, he said: “The holding is seeking to enhance its feedstock intake from oil field and send it to petrochemical plants to activate their full capacity.”

News Code 452876

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