$600m Projects Underway to Complete Value Chain of Petrochemicals

The Investment and Development Group of the Persian Gulf Petrochemical Industries Company, also known as Petrol, has launched projects worth $600 million to complete the value chain of the petrochemical industry, managing director of Petrol said.
“When the projects are completed by March 2024, 360,000 tons will be added to the production capacity of Petrol, earning nearly $700 million in revenues annually,” Rashid Qanei was also quoted as saying by the Oil Ministry’s news agency Shana.
Eight projects are being carried out in three petrochemical companies in Urmia, Ilam and Lordegan cities, he added.