Iran aims to increase petrochemical exports to Russia
Vadim Konakov, President and CEO of Russian-Italian joint venture SINIKON, said that Russia would need to expand its petrochemical imports from Iran to satisfy the country’s 20-year development goals, which call for substantial investments in infrastructure.
Iran plans to attract foreign direct investments worth of $70 billion in its petrochemical sector by 2025, with South Korean, Japanese and some European companies already signaling interest.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- March PE expectations in Turkey weighed by new capacities, cooling demand
- PP prices hit 4-year low in China as demand remains minimal
- Taiwanese major’s March PVC offers to Asia up despite virus fears
- Virus-impacted demand inflicts toll on Vietnam's PE market
- HDPE fails to track firmer trend of LD, LLDPE in Europe
- China’s ABS market on soft path dragged by subdued demand
- Softening trend prevails in SEA PP market as virus fears dampen sentiment
- Chinese producers cut PET offers further amid coronavirus outbreak
- Oil and petchem companies’ earnings hit by falling margins in 2019
- Will February PP hikes prove workable in Europe?