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10 May 2025 - 23:20
PGPIC Signs R&D Investment Deal with Oil Industry Innovation Fund


TEHRAN, May 10 (PGPIC) - PGPIC and the Oil Industry Research & Technology Fund have signed a strategic cooperation agreement to support domestic manufacturing, R&D, and knowledge-based initiatives.

PGPIC Signs R&D Investment Deal with Oil Industry Innovation Fund

Under the agreement, the Fund will provide up to IRR 25 trillion through the issuance of special investment certificates, along with IRR 10 trillion in working capital loans. The package includes end-to-end financial support—ranging from needs assessment and business planning to execution of funding arrangements.

The initiative is set to advance knowledge-based development and foster deeper ties between the petrochemical industry and Iran’s innovation ecosystem.

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  • PGPIC Signs R&D Investment Deal with Oil Industry Innovation Fund
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