Jafar Rabiei said on Thursday that the holding’s new
approach was, in addition to producing and exporting, development of the
industry in new projects, and said: “The holding, as the largest indicator of
the petrochemical industry in Iran with a diverse range of products and a large
number of subsidiaries, is seriously viewing development of the petrochemical
industry and has defined new projects with technical and economic
considerations.”
He said at present, PGPIC has invested $8.5 billion in new
projects of which three, including Bidboland II Gas Refinery, Lordegan Urea and
Ammonia Plant and Ilam Olefin Project, will come on-stream during the next Iranian
calendar year which begins on March 21.
Rabiei continued: “Today, the petrochemical industry, with
the help of the National Iranian South Oil Company (NISOC), is ready to shut
down flare stacks and collect gas for feeding petrochemical units.”