PGPIC Banks of Private Sector for Developing Downstream Projects: CEO

(Wednesday, August 21, 2019) 16:43

TEHRAN (NIPNA) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company counted on private investors for completing the industry's value chain.

"With the aim of completing the value chain, we are ready to partner with the private sector to develop petrochemical downstream industries," said Jafar Rabiei in an interview with NIPNA.

The official emphasized the importance of developing petrochemical industries and completing the value chain in the sector, adding in the process of development of the petrochemical industry, the downstream and mid-stream sectors must be seriously considered.”

"We are ready to partner with the private sector in projects close to final pieces of the value chain," he said.

PGPIC can build and run facilities with private investment while ensuring feedstock supply for the plants, the official added.

“Completing the value chain is on the agenda of the Persian Gulf Holding.”

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