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German, Turkish firms in talks to build petchem units in Iran

by ChemOrbis Editorial Team -
  • 06/11/2015 (11:06)
According to market sources, German and Turkish investors are in talks with Iran’s Maku Free Trade Zone to build petrochemical units in the zone. The Maku Free Trade Zone has an advantage of being close to abundant water resources and feedstock supplies.

Following the landmark nuclear agreement between Iran and the P5+1 (the US, Germany, France, the UK, Russia and China) powers in Vienna on July 14, more countries have voiced their intentions to rebuild their ties with Iran’s petrochemical sector following the expected easing of economic sanctions on the country. Iran reportedly aims at attracting investment of around $185 billion in nearly 50 oil and gas projects by 2020.
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