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BASF to rebuild economic ties with Iran

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/07/2015 (10:40)
According to media reports, Germany’s BASF is planning to rebuild business ties with Iran as the company sees potential in the Iranian market. BASF reportedly stated that German technology, quality work and reliability are highly respected in Iran, which will help revive ties.

Iran has the second biggest natural gas reserves and the fourth biggest oil reserves in the world. The country also has a developing petrochemical industry, which is set to rise in importance as Iran is reintegrated into the world economy.
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