Baku, Azerbaijan, April 15
By Elnur Baghishov – Trend:
This Iranian year (started March 21, 2019), shares of the Iran’s Nouri Petrochemical Company, Bandar Imam Petrochemical Company and Bouali Sina Petrochemical Company will be put up for sale at the stock market, Jafar Rabiei, Managing Director of the Persian Gulf Petrochemical Industries Co. (PGPIC), told nipna.ir, Trend reports.
According to Rabiei, work on the financial mechanism of the Nouri Petrochemical Company is reaching its conclusion, and the date on which these shares will be put up for sale at the stock exchange is to be determined by the Tehran Stock Exchange. Touching on the production volume of the PGPIC for last year (started March 21, 2018), Rabiei stated that the statistics are being finalized.
Rabiei added that 95 percent of the envisioned production plan was fulfilled last year. With the commissioning of Ilam, Lordegan and Bid-Boland 2 petrochemical factories, production will increase in comparison to last year.
"The collection of flare gas in Iran’s southern oilfields is among the main priorities of the PGPIC. These gases are collected and transported to the processing plant, and then used as fuel in petrochemical plants," he said.