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Iran’s Persian Gulf Petrochemical Industries Corporation sets new record

Oil&Gas Materials 19 October 2021 20:03 (UTC +04:00)
Iran’s Persian Gulf Petrochemical Industries Corporation sets new record

BAKU, Azerbaijan, Oct. 19

By Elnur Baghishov – Trend:

Iran's Persian Gulf Petrochemical Industries Corporation exported $2.4 billion worth of products during the first six months of the current Iranian year (March 21 through September 22, 2021), which is a record for the company, Executive Director of the holding Jafar Rabee said, Trend reports citing Shana New Agency.

According to Rabee, the annual record of the company is also expected to be updated this year (March 21, 2021 through March 20, 2022).

The director added that the value of Persian Gulf Petrochemical Industries Corporation's exports amounted to $2.8 billion over last Iranian year (March 20, 2020 through March 20, 2021).

“At the same time, the value of company's exports for about 3 years (March 21, 2018 through September 22, 2021) amounted to $12 billion,” he said.

Reportedly, more than 15 companies operate under auspices the Persian Gulf Holding of Iran.

About 18.7 percent of the company's shares belong to the National Petrochemical Company of Iran, 11.8 percent to the Oil Industry Pension Fund Investment Company (OPIC), 7.6 percent to Tamin Petroleum & Petrochemical Investment Company.

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