Persian Gulf Petrochemical Industries
Persian Gulf Petrochemical Industries Corporation (PGPIC) is an Iranian public holding company based in Tehran. It mainly invests in and runs natural-gas processing plants, chemical factories, oil projects, and polymer production. Established in 2011 by the National Petrochemical Company with 800 billion tomans in capital, PGPIC trades on the Tehran Stock Exchange and is led by CEO Mohammad Shariatmadari. It is one of the region’s largest petrochemical groups, ranking second in the Middle East after SABIC. In early 2018, the company reported about $1.2 billion in revenue for Q1. In 2019, the U.S. Treasury sanctioned PGPIC for aiding the Khatam al Anbiya construction base. That year it ranked 35th on ICIS’s top 100 chemical companies list.
This page was last edited on 2 February 2026, at 02:46 (CET).