Tag Archives | Persian Gulf Petrochemical Industries Co. (PGPIC)

NISOC signs Major Gas Deals with PGPIC, Maroon Petchem

The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochemical Industries Company (PGPIC) and Maroon Petrochemical Company for gathering associated gases in East Karoon area. The deals was signed on the sidelines of inauguration of some petrochemical projects in Asaluyeh, southern Iran, on Tuesday. The […]

PGPIC Revenues hit $1.2bn in Q1

Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) generated a total of 1.2 billion dollars in revenue over the first three months of the current Iranian calendar year which began on March 21, the company’s CEO said. Jaraf Rabiei said: “We will continue to provide the necessary funds in terms of our obligations without any restrictions.” […]

PRTC, PGPIC sign Cooperation Deal

The Petrochemical Research and Technology Company (PRTC) has signed a deal with the Persian Gulf Petrochemical Industries Company (PGPIC) for developing technical know-how for local manufacturing of strategic petrochemicals and catalysts in Iran. The document was signed in a ceremony held in the presence of PRTC Managing Director Esmaeil Ghanbari and PGPIC chief Adel Nejad […]

Iran Eyes Petchem Deal with Total in a Month

Iran is about to sign a petrochemical deal with French energy major Total by November, a petrochemical official said. Director of investment at the National Petrochemical Company (NPC), Hossein Alimorad, said the Persian Gulf Petrochemical Industries Company (PGPIC) is about to sign a contract with Total to carry out economic studies on a petrochemical project […]

Japan Opens Letter of Credit for Methanol Project

Japan is planning to open letters of credit worth up to €230 million for construction of Iran’s Apadana Persian Gulf Petrochemical Plant, which will need 462 million euros in finances for completion, the plant’s managing director says. Touraj Arounaqhi said a portion of the required investment will be supplied by Japanese companies to Persian Gulf […]

PGPIC, European Firm Partner in Petchem Project

Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) and a European company have partnered to build a major petrochemical project in Iran, PGPIC said. PGPIC managing director Adel Nejad Salim said the company has struck a €3b agreement with the European company to build a petrochemical facility in Assalouyeh, Iran’s energy hub located in the southern […]

PGPIC, ITOCHU ink Polyethylene Sales Deal

The Persian Gulf Petrochemical Industries Company (PGPIC) and Japan’s ITOCHU Corporation have signed a deal for sale of polyethylene to the Japanese firm. The document was signed on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) on Sunday. Based on the deal, PGPIC will supply international markets […]

PGPIC Invests $6.2bn in Petchem Projects

The Persian Gulf Petrochemical Industries Company (PGPIC) has invested over 6.2 billion dollars in the development of petrochemical projects in Iran, the company’s CEO says. Speaking to NIPNA, Adel Nejad Salim said his company is currently running 70 percent of Iran’s petrochemical development projects by investing the amount in them. PGPIC is governing 80 petrochemical […]

Japan to Fund Iranian Petchem Projects

Japan has reportedly agreed to fund the development of some petrochemical projects in Iran. A deal has been signed between the Persian Gulf Petrochemical Industries Company (PGPIC) and Japan’s Marubeni to provide as much as €320 million for the development of PGPIC’s petrochemical projects, IRNA reported. The financing will be done through a mechanism known […]

Int’l Firms Keen to Invest in Iran’s Petchem Projects

A senior official with Iran’s Petrochemical Commercial Company International (PCCI) said it has started talks with international enterprises over investments in the country’s petrochemical sector. Issa Mashayekhi, the managing director of PCCI, said companies from Japan and South Korea have voiced interest to participate in Iran’s petrochemical projects and that they are expected to invest […]

Japan, S. Korea to Finance €520m in Petchem Projects

Iran’s Petrochemical Commercial Company International (PCCI) is in talks with investors from Japan and South Korea for an investment of €520 million in petrochemical projects in Iran in the form of usance letter of credits (LCs). Managing Director of PCCI, a subsidiary of Persian Gulf Petrochemical Industries Company (PGPIC), Isa Mashayekhi told Shana that his […]

Italy in 1bn EUR Iran Petrochemical Deal

By John Lee. Italian engineering company Maire Tecnimont has signed a 1-billion-euro agreement to build refineries and petrochemical plants in Iran. Mehr News Agency reported on Monday that the agreement signed with the Persian Gulf Petrochemical Industries Co. (PGPIC) includes providing finance, parts and equipment, as well as solutions to processing issues. The company will […]