Capital of Iran’s Persian Gulf Petrochemical Industries Company increases

Oil&Gas Materials 11 November 2021 15:02 (UTC +04:00)

BAKU, Azerbaijan, Nov. 11

By Elnur Baghishov – Trend:

The capital of Iran's Persian Gulf Petrochemical Industries Company (PGPIC) has increased by 180 percent, Trend reports citing the company’s website.

The decision was made at an emergency meeting of the Persian Gulf Petrochemical Industries Company.

The company's capital is currently 70 trillion rials (about $1.66 billion).

“Before that the company's capital amounted to 25 trillion rials (about $595 million),” the report said.

Reportedly, Iran's Persian Gulf Petrochemical Industry Company is considered one of the main petrochemical companies in the country.

So, many companies, including, Jam Petrochemical Company, Kermanshah Petrochemical Company, Shiraz Petrochemical Company, Zagros Petrochemical Company, Persian Gulf Sadaf Petrochemical Company, Ilam Petrochemical Company, Urmia Petrochemical Company and others are operating under this company.


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