29 Mar 2024
Tuesday 16 February 2016 - 16:51
Story Code : 202015

NPC, BASF negotiations underway: CEO

TEHRAN, Feb. 16 (Shana) Managing Director of Irans National Petrochemical Company (NPC) Marziyeh Shahdaei said that negotiations with the German chemical producer BASF over multi-billion dollar investment in Irans petchem industry are not finalized yet.

Talks are underway and none of the issues have been concluded so far, she told Shana when asked about media reports suggesting BASFs plans to invest 4 billion dollars in Iran.

Last December, NPC Deputy Managing Director Mohammad Hassan Peyvandi also said the Iranian firm is in negotiations with the major German chemical producer for a giant joint investment project.

By SHANA
https://theiranproject.com/vdcjv8e8iuqeyyz.92fu.html
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