Speaking in a local gathering, the diplomat added Iran is considered as a reliable country for South Korean officials and people.

Touching upon South Korea-Iran 50 year-old relations, he said Seoul is seeking to utilize all of its scientific and research capacities to reinforce its economic and trade transactions with the Iranian businessmen and industrialists.

The diplomat also voiced South Korea’s readiness to expand its scientific, research, industrial and medical cooperation with Iran.

Ali-Mohammad Bosaqzadeh noted, ‘We tend to take advantage of some domestic and foreign firms’ short-term consultations to reconstruct the unit and the required measures are being done as regards the inspection.’

Bou Ali Sina Petrochemical Plant owned by Iran’s National Petrochemical Company (NPC) produces 1.75 million ton per year of aromatics and by-products. Petrochemical Plant is located at the Petrochemical Special Economic Zone (Petzone) in Bandar Imam, Iran.

Fire hit Bou-Ali-Sina Petrochemical Plant on July 6.

The cause of fire in Bou-Ali-Sina Petrochemical Plant has been leakage of one of valves of paraxylene.

“The officials should take the opportunity created for investment in the country and attract foreign investors,” Larijani said on Wednesday.

He reiterated that all the prerequisites needed for investments by entrepreneurs and investors should be provided.

Larijani noted that the grounds are prepared for foreign investment inside Iran following the nuclear agreement.

The Iranian parliament speaker, meantime, called for coordination between the Iranian government and the parliament to pave the way for such investment.

He made the remrks in a meeting with Iranian Vice-President and head of the Cultural Heritage, Handicrafts and Tourism Organization Masoud Soltanifar.

Representatives of the group of Turkish Intercontinental Hotels said that the cities are Tehran, Shiraz, Isfahan, Mashad, Tabriz, Yazd, Kerman, Bandar Abbas, Ahvaz and a city north of Iran.

The plan will be carried out on the joint venture investment scheme with Iranian partners.

Over the past months, different groups of investors from Germany and Turkey have announced readiness for investment in Iranian hotel industry.

German Steinberger hotels group inked an agreement with Iranians to build 10 to 15 four- and five-star hotels in Iran in seven years and respective MoU was signed with Turkish minister of tourism.

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.

Whitehead made the remarks in a meeting with Deputy Governor General of Kerman province for political, security and social affairs Hamid Zoka Assadi.

He said that visit of South African president to Iran last May was very effective to reopen bilateral relations.

He said that the two countries have longstanding ties and that implementation of JCPOA would help boost mutual ties.

South Africa is strong in manufacturing mine machinery, Whitehead said and that the two countries may cooperate in the field of agriculture as well.

He said that his country is so advanced in automobile industry and the two states may have good activities in spare parts.

The ambassador said that the two countries are advanced and progressive in some parts of medical industry which would be good ground for cooperation.

During visit of South African president to Tehran, the two presidents agreed to promote trade, joint venture investment, agricultural, mining activities as well as cooperation in the fields of water and energy.

Whitehead added that South African companies may be helpful in the field of solar energy industry.

Zoka Assadi explained capabilities and capacities of the Kerman province in the sectors of agriculture, cultural heritage, tourism and industry and expressed readiness to hold exhibit of Kerman capabilities in South Africa.

Deputy Oil Minister for International Affairs Amir Hossein Zamani Nia said Iran and Japan enjoy aged-old relations.

Touching upon Iran negotiations with Japanese companies on making investment in the Islamic Republic’s oil sector, he added Japan is keen on having an active presence in Iran’s oil industry during the post-sanctions era.

Zamani Nia underscored that the Japanese companies mull over making investment in different parts of Iran’s oil industry including petrochemicals, refineries and LNG sectors.

He underscored that the Japanese are currently evaluating the investment situation in Iran.

Commenting on the increase of Iran’s oil export to Japan, he said currently Tokyo has some limitations for utilizing crude oil and is trying to purchase Iran’s gas condensates.

On July 16, Japanese Ministry of Economy, Trade and Industry announced that Iran’s crude oil exports to Japan surged 61% in May from a year earlier.

Japan was one of the key clients of Iranian oil with 338,000 bpd of imports before Western sanctions on the Islamic Republic in 2012.

During years of the sanctions, the Asian country continued to import crude from Iran, though at limited volumes, under a preliminary nuclear agreement.

Iran hosted several leading Japanese companies in its oil and gas projects before the sanctions were imposed.

After the removal of sanctions, Asian imports of Iranian oil have risen sharply. Iran’s oil flows to Europe have also begun to pick up after a slow start.