Addressing a virtual ceremony to launch the major gas project on
Thursday, Jafar Rabiee said the opening of credit for implementation of this
project is the result of the Joint Comprehensive Plan of Action (JCPOA).
He said with the launch of the refinery, PGPIC’s petrochemical
investment in the current Iranian calendar year which began on March 21 has
crossed $5 billion in the petrochemical industry.
“Today, we are at a point where large-scale projects can be implemented
by the non-government sector,” he said, adding prior to its official
inauguration, the refinery had already exported 5 shipments.
Rabiee further voiced the holding’s preparedness to step in upstream
projects of the oil industry.
“PGPIC has invested $3.4 billion in the project of which $2.2 billion
was provided by the dipping into the National Development Fund of Iran and the
rest were provided by the banking syndicate,” he added.