German firm expecting Iran petchem return to golden age
The Chief Executive Officer of the German company Stahl believes that Iran’s petrochemical industry is set to recur the prestigious rank it used to have. Martin Schomaker told Shana on the sidelines of the Iran Petrochemical Forum (IPF2015) here on Monday that the conference serves a proper start for a…
Iranian bank ready to underwrite petchem projects: CEO
Managing Director of Iran’s Bank of Industry and Mine (BIM) Ali Ashraf Afkhami voiced his bank’s readiness to support development petrochemical projects in Iran after the sanctions’ removal. Addressing a specialized panel meeting at the 12th Iran Petrochemical Forum (IPF2015) in Tehran on Monday, Afkhami said the bank has financed…
Official says sanctions removal will help improve business conditions
President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian said on Monday that one of the main measures taken by the government to improve business conditions was shattering arbitrary sanctions on the country. ‘Anti-Iran sanctions prevented Iranian merchants from properly engaging in economic activities, but we would witnessing their more active…
Managing post-sanctions era, turning tides
Iran is approaching a turning point in its economic fortunes. Mismanagement of gains from crude oil sales in the past administration, the 2012-13 economic stagflation and the drop in crude oil prices in the past year have made Iran’s condition unique, to say the least. On the one hand, Iran…
Technip says time is ripe for investment in Iran petchem industry
Vice-President Ethylene Product Line of French energy engineering firm Technip Jean-Paul Laugier said on Monday that the time has come for investment in the petrochemical sector, especially ethylene, of Iran. Speaking to IRNA on the sidelines of the 12th annual international Iran Petrochemical Forum (IPF 2015), Laugier said the Middle…
China to finance $200m power project in Mazandaran, Golestan provinces
Managing Director of Mazandaran and Golestan Regional Power Company Hossein Afsali said on Sunday that China will finance construction of 13 power posts in northern provinces of Mazandaran and Golestan at 200 million dollars. Afsali told the 3rd National Conference on Application of the System of Place Information in Water…
Swedish firm keen on long-term presence in post-sanctions Iran
The Danish producer of heterogeneous catalysts Haldor Topsoe is planning partnership with Iran’s petrochemical sector as soon as the sanctions on Iran are lifted. Per K. Bakkerud, Haldor Topsoe’s executive committee member and group vice president, told a senior panel meeting of the 12th Iran Petrochemical Forum (IPF 2015) that…
TAPI Leaders break ground for gas pipeline
Leaders of of Turkmenistan, Afghanistan, Pakistan and India broke the ground for gas pipeline project in Mari on Saturday. Turkmenistan President Gurbanguly Berdimuhamedov, Afghan President Ashraf Ghani, Pakistan Prime Minister Nawaz Sharif and Indian Vice President Mohammad Hamid Ansari attended the official ceremony to initiate construction of the TAPI gas…
Linde says will Join Iran after JCPOA implementation
Germany’s industrial gases company Linde says it will definitely wade into Iran’s petrochemical market once the country’s Joint Comprehensive Plan of Action (JCPOA) is implemented, a Linde member of the executive board said on Sunday. Christian Bruch said that his company will come to Iran after the sanctions are lifted,…
Official Hails IPF Coincidence with Sanctions Removal
Deputy Petroleum Minister for International Affairs and Trading Amir Hossein Zamaninia said on Sunday that Tuesday (Dec. 15) will be a ‘key day’ for Iran as it will be the beginning of implementation of the joint comprehensive plan of action (JCPOA), adding that the Iran Petrochemical Forum (IPF) in Tehran…
