Capital of Iran's Bouali Sina Petrochemical Company grows

Oil&Gas Materials 19 September 2021 16:16 (UTC +04:00)
Capital of Iran's Bouali Sina Petrochemical Company grows

BAKU, Azerbaijan, Sept. 19

By Elnur Baghishov – Trend:

It was decided to increase the capital of Iran’s Bouali Sina Petrochemical Company by 285 percent during the meeting of the presidium of the company, Trend reports citing the company’s website.

According to the report, the capital of Bouali Sina Petrochemical Company has been increased from 3.5 trillion rials (about $83.3 million) to $321 million.

The company currently owns more than 4.5 million shares.

Within the 3rd month of the current Iranian year (May 21 through June 21, 2021), the company fulfilled its plan to increase raffinate and liquefied petroleum gas (LPG) production to 350,000 tons per year. Thus, the company's production volume has increased by 110 percent.

As reported, Iran's Bouali Sina Petrochemical Company can produce annually 180,000 tons of benzene, 40,000 tons of liquefied petroleum gas (LPG), 350,000 tons of light naphtha, 499,000 tons of heavy naphtha, 700,000 tons of white oil, various solvents, reformate and other products.


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