The memorandum, signed by Abdul Ali Ali Askari, the PGPIC CEO, and Mehdi Heidari, the CEO of the Iranian Central Oil Fields Company, is a big step towards increasing the output of Ilam Petrochemical Plant, which took 17 years to build with an investment of more than $1.5 billion, and the second phase of which opened last year, but feed shortages had become a serious challenge for the complex.

With the signing of this memorandum, gas production will increase from 7 million to 11 million cubic meters and sustainable feed of Ilam gas refinery will be provided as the main feed source of Ilam petrochemical complex. Now, due to the lack of feedstock, Ilam Petrochemical Plant is operating below its nominal capacity.