Fundamental analysis by اسمارت بورس about Stock پترول on 5/15/2021

#Petrol The company will soon begin the construction of two new petrochemical projects with the aim of completing the value chain, sustainable employment, preventing imports of these products and flourishing the economy in less developed areas, said the CEO of Iranian Petrochemical Group (Petrol). Rasool Ashrafzadeh added: "Given the move of the Gulf Petrochemical Company towards the development of the supplementary industries of products produced in these industries, they are strategic and valuable and the currency exit from the country was prevented. He stated that the feeds of these projects were supplied by subsidiaries of the Persian Gulf Holding and eventually promoted the promotion of value chain and development of complementary industries in the Persian Gulf Petrochemical Industries Complex. He cited the construction of ethylene oxide project with a production capacity of 68,000 tons per year and said that the feed of this product is ethylene and its investment is 110 million euros over 36 months. Ashrafzadeh cited the Ethylene Propylene De Monomer project as another of the petrol development projects, adding that the project is 50,000 tons per year and its feed is ethylene and propylene. It also invests € 154 million, which is planned for 36 months. Ashrafzadeh: Completion of value chain, prevention of crude, complementary industries, prevention of imports, sustainable employment in less developed regions of the country, and the development of diverse and strategic products are the key goals of implementing two new projects. @smart_investor ⚛