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Spanish firms willing to invest in Iran’s petchem industry

by ChemOrbis Editorial Team -
  • 16/09/2015 (14:16)
According to media reports, Iran’s National Petrochemical Company (NPC) and Spain’s largest investor, SERCOBE, are currently in talks to improve ties between the two countries’ petrochemical industries ahead of the anticipated lifting of sanctions against Iran.

SERCOBE CEO Juan-Ramon Duran has reported that they aim to sign a long term contract with Iranian officials in order to invest in Iran’s petrochemical industry.

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, Iran is now seeking to rebuild its main industries and trade links following the expected removal of economic sanctions on the country. The country reportedly aims at attracting investment of around $185 billion in nearly 50 oil and gas projects by 2020.
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