TEHRAN (PIN) – Tabriz Petrochemical Company Managing Director Alireza Sadri expressed hope the shares of the TPC would be sold in the stock market in line with Article 44 of the Constitution next month.

Tabriz Petrochemical Company was to be offered late last October, but the documents had yet to be provided, the Mashal weekly quoted the managing director as saying.
“To encourage the private sector to set up downstream petrochemical units, the TPC has authorized a private company to produce polypropylene,” Sadri said.
Tabriz Petrochemical Complex has been constructed in a land with an about 400 ha area in southwestern part of Tabriz, the capital of East Azarbaijan Province.
The complex mainly produces raw plastics (polyethylene, polystyrene, and ABS). Light and heavy naphtha as well as liquefied gas mainly supplied by Tabriz Refining Company constitute the raw materials of the complex.