Speaking to NIPNA, Hossein Shahryari outlined the holding’s future investment
plants, stating that last year the company related its interest in investing in
petrochemical projects to the National Petrochemical Company (NPC) and plans
were under way for POGDC to join olefin production projects.
“Because of the fact that legally speaking the investor is required to
supply only 20 percent of the project’s investment and the rest will be
procured by financing, we have no trouble in this regard and we have set definitive
plans to join projects in the Parsian Energy Intensive Industries Zone,” he
The official also expressed optimism that the holding would supply
urea and ammonia as planned this year.
Shahryari added that POGDC was also considering investment in Phase II
of Kermanshah Petrochemical Plant as well as Kian Petrochemical Project which
is one of the largest producers of olefins in the country.
Parsian Oil and Gas Group (Public Joint Stock Company) was registered
as a joint stock company in the Register of Companies and Non-Commercial
Companies Registration Office of Tehran on 08/08/2008 with the initial name of
Alvand Development Corporation of Ghadir Development Company.