PGPIC Going the Extra Mile Going the Extra Mile

PGPIC managing director Jafar Rabiei said Monday that the new US penalties against the key petrochemical industry, which seek to zero Iran’s exports, “have failed but did cause us trouble”
PGPIC Going the Extra Mile  Going the Extra Mile PGPIC Going the Extra Mile  Going the Extra Mile

The Persian Gulf Petrochemical Industries Company was ranked second in terms of capital spending on the list of major chemical companies in 2018 issued by the Independent Chemical Information Service.
In ninth place in 2017, PGPIC moved up seven places to be second, with over $3 billion of capital spending, the Oil Ministry news agency Shana reported.
The top of the list belongs to German chemical company BASF, the largest chemical producer in the world, with $4 billion spending.
Capital spending (also known as capital expenditure, capital expense or capex) is the use of funds by a company to acquire physical assets to improve its value or increase long-term productivity. 
ICIS is the world's largest petrochemical market information provider, delivering trusted pricing data, high-value news, analysis and independent consulting to enable customers to make informed decisions. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment