Deputy Minister of Petroleum for Petrochemical Affairs Marzieh Shahdaie said on Tuesday that German chemical giant Linde Group will make investment in Iran in the framework of the EPC contract.
Talking to reporters after signing a deal with Linde, Shahdaie said Linde is to commission one of the important petrochemical projects in phase 2 of Assalouyeh.
She voiced pleasure with return of foreign companies in the post-JCPOA era and said German Linde left Iran at the time of sanctions and that time it was not a signatory to any contract.
She said that Linde offered different bids in EPC and investment after the JCPOA.
Linde, the world’s biggest producer of industrial gases and chemicals, was one of the firms which had to leave Iran after US-led sanctions on Tehran’s nuclear program intensified after 2012.
The 12-month deal has been signed with €34.940m of financial credit.
Kian Petrochemical Company was launched in 2012 in Assalouyeh Petrochemical Complex, south of Iran.
Front End Engineering Design (FEED) is basic engineering which comes after the Conceptual design or Feasibility study.