Iranian Mobin Energy Petrochemical Company to increase annual revenues
BAKU, Azerbaijan, Dec. 10
By Elnur Baghishov - Trend:
Mobin Energy Petrochemical Company's annual revenues in the Pars Special Economic Energy Zone in Iran’s south-western Khuzestan province will increase by 15 trillion rials (about $357 million), Executive Director of the company Alirza Shamim told reporters in Iran.
“Presently, the company's annual revenues reach 28 trillion rials (about $665 million),” Shamim added, Trend reports referring to Shana.
The executive director added that the company has fully acquired the Persian Gulf Apadana Company and it will be put into operation in 2021.
Shamim said that the interest rate of the company's revenues was 51-52 percent in 2015, but so far it has increased up to 65 percent.
“The Mobin Petrochemical Company has invested about $2 billion in utilities,” the executive director said.
“The industrial waste from all the petrochemical companies in the zone is sent to the waste department,” Shamim added. “The waste will be converted to Demineralized Water by using new technologies. In this regard, the project implementation has advanced by 65-70 percent.”
"The implementation of the project of replacing GRP pipes with metal pipes worth 1.2 trillion rials [about $28.5 million] will be launched next week," the executive director said.
Mobin Petrochemical Company operates through the shares of Persian Gulf Petrochemical Industry Commercial Company (83.08 percent), Saba Investment Management Company (1.27 percent), Iran Development Investment Company (1.09 percent) and other shareholders (14.56 percent).