Sunday, November 27, 2022

PGPIC to Re-open European Offices

Managing Director of the Persian Gulf Petrochemical Industry Company (PGPIC) Adel Nejad-Salim said that it plans to re-open its offices in Europe in the near future.

Speaking at a local ceremony, he said that due to sanctions, Iran was not able to purchase the technical knowledge required for complementary industries.

In the sanctions era, Iran lost its position in the European market, but Tehran is committed to reviving it, Nejad-Salim added.

The Persian Gulf Petrochemical Industry Company (PGPIC) was established with the aim of implementing Article 44 of Iran’s Constitution, which calls for the privatization of major state-owned industries and sectors. This comes in the wake of the first phase of privatization in Iran’s petrochemical sector.

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