PGPIC to Invest $600 Million on Completing Golestan Petrochemical Plant

The construction of Golestan Petrochemical Plant in Golestan Province, which has been halted for several years due to financial constraints, will resume soon.
The executive operations to build the petrochemical complex began 17 years ago; however, the project has made only 20% progress so far, ISNA reported.
Recently, the Persian Gulf Petrochemical Industries Company, as Iran’s largest petrochemical company, has agreed to invest $600 million on the project.
Now, with the allocation of the required funds by the PGPIC, it is estimated that the project will be completed in three years. Upon its launch, the plant will provide 4,200 direct and indirect jobs mostly for the people of the region.