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…

NPC in talks with 2 German firms to open 12b Euro credit line

Director of the Investment Department at National Iranian Petrochemical Company (NPC) Hossein Alimorad says his company is busy in talks with two German companies to open credit lines of 12 billion euros. Alimorad, briefing a press conference on petrochemical investment and financing, said the investment and capital attraction and financing…

Italy to invest in Iranian petchem industry

Deputy Head of the Commercial Development Section in Italian Embassy in Tehran Tony Giardini says Italians are ready to invest in Iranian petrochemical industry. Corradini said Iranian and Italian oil and gas industries share firm bonds as is testified by design of two refineries in Italy to use Iranian crude…

Tehran, Seoul to ink MoUs on oil, gas, petrochemical cooperation

Tehran and Seoul will sign a comprehensive memorandum of understanding (MoU) to boost oil exports and invest in LNG, refinery and petrochemical industry during South Korean president’s visit to Iran. President Park Geun-hye arrived in Tehran Sunday for first time to open new chapter in the two countries’ economic cooperation,…

Iran-Germany petrochemical cooperation will improve: Official

Deputy Oil Minister for Petrochemical Affairs Marzieh Shahedaei referring to Iran-Germany excellent cooperation in petrochemical industry, said that Tehran is seeking to give impetus to mutual collaboration in the field. Talking to IRNA on Tuesday on the sidelines of Iran-Germany Economic Conference held by the German Near and Middle East…

Spain to make investment in Iran’s petchem industry

Simultaneously with the enthusiasm expressed by the big European companies for being present in the Iranian petrochemical industry, the SERCOBE Company of Spain has announced its readiness in this regard. Marcel Riudavets Slangen, SERCOBE’s Export Director, in a meeting with Managing Director of the National Petrochemical Industries Company Marziyeh Shahdaei…

EU, US firms lining up to join Iran petchem projects: CEO

A deputy petroleum minister says American firms have joined their European rivals to wade into Iran’s petrochemical industry now that sanctions have been lifted. Marziyeh Shahdaei, a deputy petroleum minister in petrochemical affairs, told a meeting with senior petrochemical executives from Persian Gulf Holding Company on Monday that following the…

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…

Singapore, Malaysia ready to invest in Qazvin petchem industry

An economic delegation from Singapore and Malaysia in a meeting with Governor General of Qazvin province Fereydoun Hemmati expressed readiness for investment in petrochemical industry. A member of the 3-person delegation Alan Lim in the meeting with Governor General of Qazvin province and provincial directors in sectors of industry, gas,…

Japan’s Mitsubishi sees no limits to petchem ventures with Iran

Japan’s Mitsubishi sees no limits in expanding cooperation with Iran in numerous areas, one of its officials told IRNA on Wednesday. Director General of the company’s department in charge of petrochemical affairs Heideki Konishi said Iran’s economic specifications in terms of human and natural resources makes it different from any…