Sunday 19 November 2017

Total to return to Iran's petrochemical sector

TEHRAN, July 11, 2017

French energy major Total will return to Iran's petrochemical sector in a bid to complete the industry's value-chain, said a senior Iranian petrochemical official.

Total will sign deals with Iranian petrochemical partners to complete the petrochemical value chain in Iran now that many restrictions regarding economic sanctions have been eased on Iran, Marziyeh Shahdaei, managing director of National Petrochemical Company (NPC), was quoted as saying by the Shana news agency.

She was addressing Iran's first midstream and downstream petrochemical industries conference, which was recently held in Vienna, Austria.

She said that European investors are keen on joining projects in Iran in the post-sanctions setting.

Senior Iranian and European executives, investors and technocrats attended the two-day conference.

The conference was aimed at assessing novel methods and means for expanding mid-stream and downstream sectors of petrochemical industry by establishing joint ventures, ensuring technology transfer and technical knowhow and attracting investments for petrochemical projects, added the report.

Tags: | petrochemical | Iran | Total | sector |

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