PGPIC Invests $6.2b in Petchem Projects

Speaking to NIPNA, Adel Nejad Salim said his company is currently running 70% of Iran’s petrochemical development projects by investing the amount in them.

PGPIC is governing 80 petrochemical companies which have a lion’s share in the country’s total petrochemical output.

The company started off a master plan in 2013 and expects to see the result of its developments in 2018, said Nejad Salim. 

The CEO further said that the company is planned to tap upstream projects in oil industry in the near future. 

He also said that PGPIC eyes being ranked among ICIS’s top 10 major chemical and petrochemical companies in the world in the future.