TEHRAN (NIPNA) — A senior official with the National Petrochemical Company (NPC) says European and Asian firms are still keen on investing in Iran’s petrochemical sector despite US President’s threats of imposing new round of sanctions on Tehran.
Speaking to NIPNA, Hossein Alimorad, director of investment at NPC, said several Chinese, Turkish and British companies in the first two months of the current calendar year (which began on March 21) had conducted effective negotiations for participation in the Iranian petrochemical industry.
“Some [Iranian] private sector companies are involved in talks with foreign companies independently, or have defined projects to be carried out jointly with them,” he said.
The NPC official further said: “The petrochemical industry of Iran enjoys the required potential for investment in the field because of the favorable infrastructure at its disposal and accessibility to a 400-million market through the country.”
He stated: “Leading petrochemical firms are interested in participating in the development projects of our country, and European and Asian companies have agreed to participate in the development of our country’s petrochemical industry in recent months, and I hope that these agreements become enforceable soon and gradually.”