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.
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