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Int'l Consortium to Invest $7b in Iran Petrochem Sector

Minimizing investment risks, increasing the speed of undertaking petrochemical projects, facilitating the transfer of know-how and connecting upstream, midstream and downstream sectors are among the most notable benefits of such a contract
Int'l Consortium to Invest $7b in Petrochem SectorInt'l Consortium to Invest $7b in Petrochem Sector

A consortium of Philippine and Chinese companies will help Iran complete its value chain in the petrochemical industry, National Petrochemical Company's deputy for investment said.
"Talks have been finalized and the consortium will invest as much as $7 billion to build a petrochemical complex to convert methanol to more value-added commodities," Hossein Alimorad was also quoted as saying by IRNA. 
According to the official, the unnamed multinational firm has expressed readiness to undertake the venture soon after permits have been obtained. 

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