Foreign investors flooding into Iran after JCPOA: NPC Head

Foreign investors are fooding into Iran after execution of Joint Comprehensive Plan Of Action (JCPOA), deputy Petroleum Minister and head of Iran’s National Petrochemical Company (NPC) Marzieh Shahdaei said. She made the remarks Saturday evening in a forum on the prospect for petrochemistry in Iran which was held on the…

BIPC, Linde discuss opportunities of investment

Authorities of Iran’s Bandar Imam Petrochemical Company (BIPC) and German Linde Company have considered chances of investment in the BIPC projects. The BIPC Managing Director Reza Amiri was quoted by Ministry of Petroleum website as saying that as Linde has opened up its office in Iran, the officials of the…

Shell oil giant makes preparations for direct investment in Iran

Director for Investment of National Petrochemical Company (NPC) Hossein Alimorad said on Friday that Royal-Dutch Shell oil giant makes preparations for direct investment in Iran. He expressed hope that signing the primary memorandum of understanding (MoU) between NPC and Shell has been focused on the half-finished project of producing natural…

Zangeneh: Petrochem sector needs $50b investment

Minister of Petroleum Bijan Zangeneh said that Iran’s petrochemical industry needs over 50 billion dollars in new investment. Zangeneh made the remarks at the board meeting of the National Petrochemical Company (NPC). Zangeneh anticipated that the value of produced petrochemical products would hit 18 billion dollars by end of current…

Iran, Italy sign euro 1bn petrochemical MOU

Iran and Italy on Sunday signed a memorandum of understanding (MOU) worth one billion euros for cooperation in petrochemical industries. After the termination of anti-Iranian sanctions many international companies had announced readiness for presence in Iranian petrochemical industries and held talks with concerned Iranian officials, which are leading to signing…

Linde, Mitsui offer $4b investment in Iran petchem projects

German-based company, Linde AG, in collaboration with Japanese company, Mitsui & Co., are planning to invest $4 billion in a number of Iran’s petrochemical projects, said Marzieh Shahdaie, the director for projects at the National Petrochemical Company (NPC). “Linde AG and Mitsui & Co. were among the companies which had…