Bid & Tender
European Firms Eager to Join Gulf Petrochemical Projects: Official

Date : Aug 11, 2016

Managing Director of Iran International Petrochemical Company Isa Mashayekhi says European companies are keen on joining the petrochemical projects carried out by Persian Gulf Petrochemical Industries Company (PGPIC).


The official said that, his company is primarily specialized in financing petrochemical projects by attracting foreign investment, adding that implementation of the Joint Comprehensive Plan of Action (JCPOA) has been very influential in resumption of talks with international petrochemical heavyweights.


"Prior to the JCPOA, foreign firms did not even display an interest to join projects in Iran," he said.


He said IIPC is in intensive talks with leading European and Asian companies from countries like Germany, Italy, Spain, Japan, South Korea, China, India, etc.


He said foreign companies have declared willingness to join the petrochemical projects taken care of by the PGPIC.


Mashayekhi further said Bidboland II Refinery, Hengam, NGL 3200, Apadana, Bandar Imam and Arvand projects are being considered in the talks for foreign investment.