US company seeks Iranian petrochemical products
An Iranian energy official says a US company seeks to purchase petrochemical products from Abadan’s Petrochemical Co.
Mas’oud Jebraili, head of Abadan’s Petrochemical Co. in southern Iran, has told the official IRNA news agency that the US firm in question has conducted some negotiations with his company through its European branch to buy Iranian petrochemical products.
Jebraili said the US company, whose name he did not disclose over ongoing talks, has requested to purchase PVC products.
He said a number of Italian, Spanish, German and Indian companies have already laid down requests to import products from Abadan’s Petrochemical Co.
The Iranian petrochemical firm says it registered a maximum annual production of 59,800 tons of PVC in 2005.
Iran’s petrochemical production is expected to hit 70 million tons worth $27 billion at current prices in the current Iranian calendar year (started March 20), officials at the National Petrochemical Company (NPC) have said.
The country seeks to more than double this capacity in the next decade, which requires between $7 billion to $10 billion of annual investment.
Officials said Iran’s petrochemical manufacturers were turning to the Europeans for finance, ditching Chinese investors because they were charging high commissions and fees.
Iran further raises its oil prices for Chinese buyers: Report
Iran to launch major pressure-boosting projects in South Pars
Iran’s oil exports to China won’t drop because of Trump: Expert
Hezbollah executes record 51 military operations against Israel in a single day
VIDEO | Intl. day to end anti-women violence: Female victims of Israeli attacks on Gaza, Lebanon remembered
Leader: Arrest warrant not enough, Netanyahu must be executed
VIDEO | Iraqi fighters conduct fresh retaliatory attacks on vital Israeli targets
Gaza hospital chief calls for help amid Israel’s ‘extermination campaign’
‘Israel delusional’: Hamas says US ‘full support’ enabled genocide, urges Biden to ‘atone’
Nov. 24: ‘Axis of Resistance’ operations against Israeli occupation
Iran’s IRGC Ground Force, Azerbaijani army kick off joint military drill
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
