Participation of Brazilians in the implementation of development plans of the country’s petrochemical industry

According to Fars News Agency and quoting the public relations of the Ministry of Oil, the first foreign event of the Persian Gulf Petrochemical Group was held with the aim of inviting investors to participate in Iran’s petrochemical development projects and with the presence of Abdul Ali Ali Askari, which welcomed more than 130 Brazilian companies. The largest company in the Iranian capital market is taking a firm step in the new management period for the development of economic diplomacy, coinciding with the anniversary of the approval of the establishment of this company.

Holding this event, which was an important step in the direction of anti-sanctions economic diplomacy and the expansion of economic relations between Iran and Brazil, especially in the field of petrochemicals, once again showed that Iran’s petrochemical industry not only does not intend to stop sanctions, but on the eve of global markets. Is your goal.

At the beginning of the ceremony, Hossein Gharibi, Ambassador of the Islamic Republic of Iran to Brazil, stated that he has always emphasized the preservation and expansion of trade relations between the two countries and the diversification of trade relations from the beginning of his service in this country. By inviting Brazilian companies to take advantage of the conference, he introduced them to the wide range of products and services of the Persian Gulf Petrochemical Company.

* $ 26 billion investment in Iran’s petrochemical industry in the last 20 years

Abdolali Ali Askari introduced the Persian Gulf Petrochemical Industries Group and the capacities of the country’s petrochemical industry, in the three main areas of investment opportunities in the Iranian petrochemical industry, technological cooperation and supply of petrochemical products from Iran.

The CEO of Fars Petrochemical Industries Group, stating that this group has about 40% of the production and export of Iran’s petrochemical products, said: “Fars” as a stock exchange company with a market value of $ 16 billion, is the largest capital market company in Iran, while In terms of sales, profitability, exports and value added, Iran is the first company and this petrochemical is ranked 37th in the world in the ICIS global ranking.

Referring to the $ 26 billion investment in the country’s petrochemical industry in the last 20 years, the special geographical location, access to food, significant domestic demand, low tax rates, the existence of special economic zones and human capital are the best reasons to invest in industry. Iran Petrochemical knew.

Ali Askari added: “Today, this group has 14 projects under construction with an internal rate of return (IRR) of at least 15%, which is a good opportunity for foreign investment, and in this regard, we welcome the investment of Brazilian companies.”

The CEO of the Persian Gulf Petrochemical Industries Group went on to describe the group’s approach to technological and knowledge-based cooperation with the Brazilian side.

Ali Askari, referring to the menus of the Supreme Leader and his emphasis on distancing himself from the sale of raw materials, pointed to the development of knowledge-based technologies in the petrochemical industry and said: Also completing the value chain, the Persian Gulf Petrochemical Group is ready to cooperate with Brazilian technology companies in this sector.

In the last part of his speech, he mentioned the cooperation and export capacities of this petrochemical group in the target market of South America, especially urea product, and announced its readiness to develop export cooperation with the countries of this region.

Following the ceremony, Reza Ebadzadeh, CEO of the Persian Gulf Petrochemical Industry Trading Company, while introducing the company and the production complexes of this large petrochemical group, invited the investors present at the event to invest in the projects.

Ebadzadeh pointed out that the Persian Gulf Petrochemical Industry Trading Company is the exclusive sales arm of the group’s products. Explain the terms of sale and cooperation with this payment company.

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