According to a statement from the holding company, PGPIC, which
produced 24.7 million tons of products in 2024 and saw a 22% increase in sales
to reach 509 trillion rials, is prioritizing cooperation with foreign entities
to drive growth and innovation.
In the current fiscal year, PGPIC achieved a net profit of 124
trillion rials. The company has already reached preliminary agreements with two
foreign companies and a bank to form joint ventures and establish new financial
channels as part of its ongoing negotiations.
Additionally, PGPIC is focusing on cross-border projects, with
particular emphasis on opportunities in South America. The company has taken
significant steps toward constructing and launching a petro-refinery in
Venezuela, marking a key milestone in its international expansion strategy.