Tag Archives | Itochu

PGPIC, ITOCHU ink Polyethylene Sales Deal

The Persian Gulf Petrochemical Industries Company (PGPIC) and Japan’s ITOCHU Corporation have signed a deal for sale of polyethylene to the Japanese firm. The document was signed on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017) on Sunday. Based on the deal, PGPIC will supply international markets […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

Japanese Traders Eye Iranian Oil

Reuters reports that Japanese traders are looking to resume oil imports from Iraq, possibly by the end of this year. According to the report, Japanese firms have so far avoided Iranian crude due to a lack of internationally acceptable insurance coverage, but are looking at ways of using cover provided by the Japanese government. Buyers […]

Japanese Firms Looking at Iranian Opportunities

By John Lee. Nikkei Asian Review reports that Japanese companies are eager to return to Iran, but adds that the risk of doing business in the volatile region is also not lost on anxious corporate chiefs. Tokyo lifted sanctions on Iran on Friday, and Japanese automakers, including Toyota, Nissan and Mazda aim to quickly restart exports, […]