Foreign Companies Eager to Make Petrochem Investment

Companies from several countries, including Spain, France and China, have expressed readiness to launch joint ventures in Iran's lucrative petrochemical sector.  Spain's Mecanicas Bolea S.A. is helping Iranian experts construct a desalination plant in Kangan Petro Refining Complex—a major petrochemical and refinery project in southern Bushehr Province.
Pedro Saura Cabello, director general of Spanish Mecanicas Bolea S.A., made the statement in Tehran on Monday, NIPNA, the National Petrochemical Company's news agency reported. 
"There are good opportunities to expand collaboration between Iranian and Spanish industrial firms and we are trying to promote cooperation," Cabello said. According to the official, the company has been involved in designing and manufacturing petrochemical equipment for the past 30 years.
"Mecanicas Bolea specializes in designing pressure vessels as well as heat exchangers," Cabello said, adding that Iranian experts can draw on the company's expertise to design petrochemical units.