A delegation of Italian financiers have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility's development projects, including its Propane DeHydrogenation (PDH) and polypropylene units of the facility.
The delegation met with the facility's executives and conferred establishment of ties and partnerships in the post-sanctions setting.
Plans are under way for enhancing activities of the Jam Petrochemical Plant which would require foreign finances for acceleration, said Hossein Mirafzali, managing director of the facility, in a meeting with his Italian guests.
He welcomed Italian investors in the plant's projects, recalling the successful experience of Italians in Iran's steel industry in the past.
He also expressed optimism that this will be another successful experience of the Italians in Iran.
Ernesto Paolio, head of the Italian delegation, said in the meeting that Italian investors would use European banks for financing petrochemical projects in Iran and seek long-term presence in the OPEC-member oil producing country.