Kuwait, S. Africa Interested in Siraf Oil Projects

Kuwait, S. Africa Interested in Siraf Oil Projects

South African and Kuwaiti companies have voiced willingness to invest in oil projects of Tamin Petroleum and Petrochemical Investment Company, the head of the Iranian company said on Saturday.

"South Africa and Kuwait have expressed willingness to make investments in oil projects launched in Siraf Refining Park, Fanavaran Petrochemical Company and Anahita Oil Refining Company," CEO of TAPPICO Mohammad Shiri said, KUNA reported.

His remarks came on the sidelines of an exhibition on social security, investment and sustainable development.

Shiri added that TAPPICO is also studying offers from other foreign companies interested in entering into joint ventures in oil projects following the removal of western sanctions in the near future. Established in 2003, TAPPICO owns and invests in 41 oil and petrochemical companies with a declared vision of becoming an internationally recognized competitor and achieve the highest profits for its beneficiaries.

Since the nuclear agreement between Iran and the P5+1 (the US, Russia, China, France and Britain plus Germany) in the Austrian capital Vienna on June 14, Iran has been inundated with offers from foreign companies, organizations, firms and banks. Officials in Tehran have stated that they will act selectively in choosing future partners lured by its lucrative industries.


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