Speaking to NIPNA, Hossein
Alimorad, director of investment at NPC, said his company is in talks with many
international and domestic petrochemical heavyweights for securing investment
deals aimed at financing petrochemical projects in the country.
Iran is close to absorbing
over 5 billion dollars in fresh investments by three European majors in the
near future, he said.
In the wake of the Joint
Comprehensive Plan of Action (JCPOA) implementation, NPC has adopted policies
to absorb fresh investments in petrochemical projects by leading domestic and international
companies.
Iran's outstanding investment
security and advantages in petrochemical sector including abundant feedstock
supply and skilled domestic labor lure foreign investors into considering
serious presence in the OPEC member's petrochemical sector.
Alimorad said NPC has so far
signed over $10b worth of memoranda of understanding (MoUs) with leading
foreign developers from Asia and Europe for completing petrochemical projects.