Italian Firms seek Long-term Presence in Iran Energy Sector

Italian Firms seek Long-term Presence in Iran Energy Sector
(Wednesday, December 20, 2017) 11:31

TEHRAN (NIPNA) -- Giorgio Veronesi, Techint's commercial manager, said Italian companies are ready to cooperate with Iranian partners and transfer state-of-the-art technologies to the country.

Speaking to NIPNA on the sidelines of a ceremony to sign a €34m deal with Iran's Ardebil Petrochemical Company for construction of a 500,000 ton gas to polypropylene unit, Veronesi said Iran enjoys vast potentialities in the petrochemical industry and access to the latest technologies can help the country to produce a range of highly value-added items.

He said construction of the plant will be a major leap for Iran in curbing sale of crude oil and gas, adding abundance of quality feedstock in Iran as well as the country's proximity to international markets are two main outstanding features foreign companies bank on in dealing with the OPEC member state.

Highlighting the company's presence in Iran's between 1966 to 2004 in projects like developing oil and gas projects, laying pipelines as well as construction of refineries and petrochemical plants, he added, "This project provides Techint with an opportunity to resume its presence in Iran's industry."

He said under this contract, Techint will not only help the plant to choose the best licenser but also provide it with project management, engineering, procurement and construction services in the first phase.

Techint holds a leading position in the construction and management of complex oil and gas projects, including central processing facilities, gas treatment plants, offshore platforms, marine facilities and installations, onshore oil and gas and multi-products pipelines and LNG regasification terminals.

Email is required
Characters left: 500
Comment is required