29 Mar 2024
Sunday 13 December 2015 - 14:27
Story Code : 192223

Zarif: Iran to enter fresh post-sanctions era

Tehran, Dec 13, IRNA Foreign Minister Mohammad Javad Zarif said Iran is on the verge of entering the era of post-sanctions opportunities.


He made the remarks in the opening of the Iran Petrochemical Forum here on Sunday.

He said Iran is currently passing through the phase of required legal procedures to get prepared for post-sanctions era where it can promise the world domestic political stability, good geo-strategic situation, thriving human resources, proper infrastructures and unique opportunities for global and regional firms active in petrochemical industry.

He said that during the new era, many of the sanctions imposed on Iran in transfer of technology, export of petrochemical items and products, absorbing foreign investment and promoting banking transactions as well as transportations will be lifted.

The 12th Iran Petrochemical Forum (IPF 2015) opened here on Sunday in the presence of Minister of Petroleum Bijan Zangeneh with the objective to introduce the industrys capacities in the post-sanctions era.

The former events proved effective as Iranian and foreign participants held face-to-face meeting on their interests and capabilities, Managing Director of National Petrochemical Company (NPC) Abbas Shari-Moqaddam told SHAHA about the two-day international event.

More than 15,00 representatives from domestic and foreign firms including Australia, Azerbaijan, Canada, Denmark, France, Germany, Japan, the Netherland, Russia, and US are taking part in the event, according to NPC Vice President Mohammad-Hassan Peyvandi.

Officials in the Ministry of Petroleum have welcomed the interest shown by foreign companies to invest in Irans oil and gas industry.

Participants in the IPF2015, one of the worlds most prestigious events representing the petrochemical industry, will discuss the core issues that the industry is facing with the emphasis given to Iran.

It provides an ideal platform where stakeholders and key players in the global petrochemical sector meet to exchange knowledge and address the latest advancements and best practices which are capable of shaping the future of the industry.

Following the historic nuclear agreement, Iran is also using the event to unveil its post-sanctions projects and plans for further expanding the Iranian petrochemical output capacity from the current 60 million t/y to over 138 million t/y in 2020 and eventually to 180 million t/y by 2025 with an investment of over $80 bn.

By IRNA
https://theiranproject.com/vdcirrazpt1a3r2.ilct.html
Your Name
Your Email Address