Call for Using Domestic Capacity in Petrochem Deals

Utilizing Iranian expertise and importing technology are prerequisites of financing petrochemical ventures, the National Petrochemical Company’s deputy for investment said.
“Chinese investors have been briefed on exploiting domestic technical potentials and using local manufacturers’ capacity while implementing the projects,” Hossein Alimorad was also quoted as saying by IRNA. 
According to the official, negotiations are underway with Chinese enterprises, but as long as the outlined conditions are not met, there will be no agreement.
“Chinese financiers should not impose any restrictions on domestic contractors regarding equipment,” he said, adding that tools and machinery should be allowed to be purchased from all over the world and not just from China.     
Alimorad noted that local producers ought not to limit themselves to China and take advantage of European equipment.