Speaking during the launch of the renewed operational phase one of the
Golestan Petrochemical project, Morteza Shahmirzai expressed satisfaction with
the recommencement of the first phase's construction, attributing this
milestone to the astuteness and determination of the thirteenth administration
and the honorable Minister of Petroleum. He noted that this revitalization
involves a 60% investment by Persian Gulf Petrochemical Industries Company.
Shahmirzai highlighted the participation of 95,000 individuals as
equity shareholders through the Justice Shares scheme in Golestan
Petrochemicals, expressing hope for the complex to become operational within
the next 3.5 years, thanks to the continuous efforts of the public, experts,
representatives, and officials of Golestan Province.
The Deputy Petroleum Minister and CEO of the National Petrochemical
Company emphasized that the technical knowledge applied in this project is
drawn from other ammonia and urea complexes across the country. He assured that
the essential components and equipment required for Golestan Petrochemicals
would be procured domestically from local companies, manufacturers, and
Commenting on the strategic vision to complete the value chain in the
petrochemical industry, Shahmirzai pointed out that as the Golestan
Petrochemical project advances, the downstream chain of ammonia and
urea-related industries in the province will be implemented.
He stressed that the approximately 35 trillion Iranian rial investment
in Golestan Petrochemicals would lead to substantial transformations in
downstream industries, social responsibilities, agriculture, job creation, and
economic entrepreneurship in the province.