By John Lee.
Iran has reportedly awarded a €2-billion contract for development of a petrochemical project in Masjed Soleiman to a German company.
Abels Decker Kuhfuß Lenzen (ADKL) will cooperate with Masjed Soleiman Petrochemical Industries Company in providing the funds, transferring the technology and implementing contracts for the project within the framework of engineering, procurement, construction and finance (EPCF), according to Fars News Agency.
The Managing director of Masjed Soleiman Petrochemical Industries Company, Yousef Davoodi, told reporters that his company is interested in working with European enterprises.
ADKL’s Bernd Lenzen (pictured) told reporters that €2 billion will be invested in the first phase of a petrochemical project, adding that this will be increased to €10 billion in future.