Foreign firms discuss investment in Iran

TEHRAN June 09(Shana)–A deputy head of National Petrochemical Company (NPC) has met with senior managers from foreign companies.

Mohammad Hassan Peyvandi met with top directors from Japan, Zimbabwe, Germany as well as Royal Dutch Shell about joint cooperation.

He said the talks were focused on the persistence of cooperation and new investment with focus on potentialities of petrochemical industry.

Peyvandi said a group of Iranian experts are expected to visit Zimbabwe to examine potentialities of cooperation and design plans for optimal recovery from hydrocarbon reservoirs in the African country.

Last month, Peyvandi said Iran is expected to see its petrochemical production cross 180 million tons by 2015.

He said 5% to 7% of hydrocarbon produced in the country is used as feedstock for petrochemical plants.

He added that Iran’s petrochemical production is to reach 44 million tons this year. That would make up 40% of Iran’s non-oil exports.

Peyvandi said a roadmap has been designed for Iran’s petrochemical industry to realize its objectives.

By SHANA