Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement.

Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s Total, Germany’s BASF and Britain’s Shell on investment in the country’s petrochemical industry.

She said a new round of “more formal” negotiations was held with representatives of Total on Tuesday who were accompanying France’s foreign minister in a visit to Tehran.

The talks with Total were focused on construction of a petrochemical plant for producing Ethylene and Polyethylene, she explained, but noted that details of the contract remain to be specified later.

Business talks with BASF and Shell are also still ongoing, Shahdaei added.

(Source: Tasnim, under Creative Commons licence)

No comments yet.

Leave a Reply