10 May 2022 - 16:59
  • News Code: 456605
PGPIC Eyes 20.5 mt Output in 1401

TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was preparing to supply 20.5 million tons of products by the end of the current calendar year, which began on March 21.

Addressing the first meeting of the CEOs of the country's petrochemical holdings with senior executives of the oil industry on Tuesday, Abdolali Ali Askari said 10.9 mt would be supplied on the domestic market while 9.6 mt would be exported by the holding company during the year with a total value of $13.5 billion.

He said 21 projects worth $15b were being built by the PGPIC, which is touted as the largest petrochemical firm in Iran.

The official further added that an investment of 2 to 3 billion dollars was being made by PGPIC to build technology parts in Assaluyeh, southern Iran, adding such parts were being made by the holding in Mahshahr, southwest of the country, as well.

News Code 456605

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