Euro licensors keen to Join Iran Petchem Industry: CEO

Euro licensors keen to Join Iran Petchem Industry: CEO
(Monday, April 30, 2018) 18:18

TEHRAN (NIPNA) -- The CEO of the National Petrochemical Company (NPC) says European companies are interested in selling licenses to Iran.

Addressing a gathering of the executives of petrochemical projects, Reza Norouzzadeh said NPC plans to receive licenses in a concentrated manner and offer it to companies interested in the licenses.

"In the past, NPC managed projects but after privatization of the industry and introduction of new projects, petrochemical facilities would face troubles if concentrated policymaking does not take place in the sector," he said.

He called on all petrochemical companies to close ranks in order to share responsibilities to solve the existing problems and shortcomings. "Otherwise the sector would face serious problems."

The NPC CEO, who is also deputy petroleum minister for petrochemical affairs, further added that 60 petrochemical projects are under construction across the country, adding most of the projects are defined in Mahshahr and Asaluyeh petrochemical hubs in respectively southwestern and southern parts of the country.

Referring to his last week visit to Paris to attend a two-day conference introducing Iran's petrochemical industry, Norouzazadeh said major license holders UOP were seriously keen on signing contracts and selling licenses to Iran.

He noted that the holders of licensees know that Iran is a stable country for investment in the region and do admit that they can freely operate in the Middle Eastern country.

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