TEHRAN, Feb. 17 (Shana) � Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said foreign firms are required to transfer modern technology when embarking on joint ventures with Iran as a Swiss firm expressed readiness to cooperate with Iran.

�NPC supports investment in the petrochemical industry�s upstream and downstream sectors and Swiss companies can participate in its projects in line with this policy,� she told a delegation from Sulzer company.

Thorsen Winter Greze, a Sulzer senior officer, said that the firm is interested in returning to Iran�s petrochemical projects.

�We are ready to cooperate in transfer of technology to Iran�s petrochemical complexes as well as in licensing of Iranian companies,� he added.
The Sulzer Executive Committee member also said the firm has established ties with two Iranian petrochemical companies following removal of sanctions.

By SHANA