Tehran, Iran, Sept. 5
By Mehdi Sepahvand – Trend:
Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) needs 6 billion euros of investment, its CEO Issa Mashayekhi said.
The PGPIC’s export value is over 9 billion euros, he said, SHANA news agency reported Sept. 5.
According to Mashayekhi, the company currently relies on domestic sources for investment.
This is while the company is responsible for 45 percent of Iran’s petrochemical export, he noted.
The holding company’s assets right now surpass $16 billion, he stated, adding the company owns 11 percent of Iran’s monetary market.