Italy in 1bn EUR Iran Petrochemical Deal

By John Lee.

Italian engineering company Maire Tecnimont has signed a 1-billion-euro agreement to build refineries and petrochemical plants in Iran.

Mehr News Agency reported on Monday that the agreement signed with the Persian Gulf Petrochemical Industries Co. (PGPIC) includes providing finance, parts and equipment, as well as solutions to processing issues.

The company will help Iran build an acrylonitrile butadiene styrene (ABS) and rubber plant in the industrial city of Asaluyeh.

Maire Tecnimont CEO Pierroberto Folgiero (pictured) is quoted as saying:

“Italy is seeking to open a new chapter in its cooperation with Iran, especially in the oil and petrochemical industries.”

(Source: Mehr News Agency)

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