PGPIC Revenues hit $1.2b in Q1

TEHRAN (Shana) -- 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."

Addressing a ceremony to launch a petrochemical project in Asaluyeh, southern Iran, on Monday, the official said: "We have always emphasized that project managers define and implement technical, managerial, and economic projects with priority for production plants."

Noori Petrochemical Plant has launched its LTE unit with the aim of separating light and heavy components in LTE and production of HLTE and LLTE.