News ID: 191312
Published: 0232 GMT April 22, 2017

Iran opens up petrochemicals to world investors

Iran opens up petrochemicals to world investors

Executives of oil and gas companies from about 18 countries are attending an international conference on petrochemical industry in Tehran to explore Iran’s emerging role in global markets.

The international Iran Petrochemical Forum (IPF) opened Saturday with the participation of industry experts, traders, petrochemical producers, refiners, shipping and logistics companies as well as technology solution providers and engineering companies.

France’s oil and gas company Total and Germany’s gas and engineering company Linde are leading the pack of more than 70 companies from as diverse countries as the UK, Italy, Denmark, Belgium, Switzerland, Singapore, Japan, Turkey, India, Romania, Bahrain and Lebanon which have their nose on the ground for business in Iran.

Their participation at the two-day conference raised the prospects of new deals being signed for investment in Iran’s massive petrochemical sector which aims to attract some $55 billion in the next 10 years.

The forum comes on the heels of another event, titled the 2nd Argus Iran LPG and Petrochemicals Conference, held in Tehran on Tuesday and Wednesday, during which Tehran signed its first LPG contract with India, according to the Shana news agency.


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