NPC, BASF negotiations underway: CEO

TEHRAN, Feb. 16 (Shana) – Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said that negotiations with the German chemical producer BASF over multi-billion dollar investment in Iran’s 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 BASF’s 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.