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TAPPICO Buys Stocks of Major Petchem Utility Plant

TAPPICO Buys Stocks of Major Petchem Utility Plant
(Monday, June 20, 2022) 10:27

TEHRAN (NIPNA) -- Tamin Oil, Gas and Petrochemical Investment Company (TAPPICO) became one of the stockholders of Damavand Petrochemical Utility Plant.

TAPPICO, with the purchase of Damavand Petrochemical (Damavand Assaluyeh Energy) shares, became one of the shareholders of the utility plant.

Through the purchase, TAPPICO, as the largest and first multi-product holding of petrochemical and oil and gas industry in the country, completed its product portfolio.

Damavand Petrochemical Utility Plant is a major complex on Assaluyeh, southern Iran and is a supplier of electricity, water, steam, oxygen and gas to 25 petrochemical companies and projects in the region.

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