The document was signed during a visit by PETZONE's managing director as well as a number of officials from the southwestern province of Khuzestan in Poland on Thursday.
The deal concerns transfer of technologies and investment in petrochemical projects in Iran.
Grupa Azoty S.A. is a chemical industry located in the Mościce district of Tarnów, in the Lesser Poland Voivodeship of southeastern Poland.
The company was established in 1927, during the Second Polish Republic period, as one of the most modern factories in Europe then.
Grupa Azoty focuses on the production of inorganic fertilisers, caprolactam, structural materials and other highly processed chemicals, such as OXO, plasticizers, titanium white, AdBlue®. The Group is also the largest supplier of ammonia and phosphoric acid in Poland.