Iran Eyes Petchem Deal with Total in a Month

Iran is about to sign a petrochemical deal with French energy major Total by November, a petrochemical official said.

Director of investment at the National Petrochemical Company (NPC), Hossein Alimorad, said the Persian Gulf Petrochemical Industries Company (PGPIC) is about to sign a contract with Total to carry out economic studies on a petrochemical project in Iran within the next month, NIPNA reporterd.

He said preliminary studies over the project have been carried out by a third Iranian company and the Total-PGPIC deal will be signed soon.

The studies are intended to appraise the economic justifiability of the project, he added.

(Source: Shana)

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