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Iran petrochem sector draws $13bn in bids

Source:  Writer:  Time Distribution:2015-12-31

German firms have proposed deals worth more than 12 billion euros ($13 billion) for financing petrochemical projects in Iran, a report said.

“Two leading German companies have indicated their interest to bankroll petrochemical projects as much as €12bn in Iran in the post-sanctions era,” Abbas Shari-Moqaddam, managing director of National Petrochemical Company (NPC), was quoted as saying in the Iran Project.

“Given the recent international developments, we are hosting meetings with high-profile delegations in Iran’s petrochemical industry,” he added.

(World Oil & Gas News,TEHRAN, December 30, 2015)

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