FBA EAC President Li Shuobing and Sorena Sattari meet to discuss new horizons for Eurasian technology and energy cooperation

During the international industrial exhibition 'Russian Industrialist' on October 29, 2025, a meeting was held between FBA EAC President Li Shuobing and renowned Iranian scientist and statesman Sorena Sattari.

Dr. Sorena Sattari, an associate professor at Sharif University of Technology, is a Doctor of Technical Sciences and a recognized expert in energy systems and optimization. From 2013 to 2022, he served as Iran's Vice President for Science and Technology. In this role, he made a significant contribution to the creation of the national innovation ecosystem and the growth of more than 7,000 knowledge-based companies.

During the meeting, Mr. Sorena Sattari presented the PGPICC project (Persian Gulf Petrochemical Industry Commercial Company), a commercial structure established in 2015 that works with the products of the Persian Gulf Petrochemical Industries Company (PGPIC), the second-largest petrochemical holding in the Middle East, which accounts for about 45% of Iran's petrochemical production.

The main activities of PGPICC include:

-       Trading in ethylene, chemical products and fertilizers 

-       Exporting supplies to Northeast and Southeast Asia, the Middle East, Latin America, CIS countries, Western Europe, and Africa.

Following the negotiations, the parties reached agreements on:

-       preparing a memorandum of partnership between FBA EAC and Iranian development institutions  

-       creating an expert platform on energy technologies

-       working on pilot projects in the fields of "green" energy and petrochemistry, taking into account the potential of PGPICC.