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Tuesday, 01 December 2015 16:18

Iran to host international petrochemical conference in two weeks

Iran to host international petrochemical conference in two weeks

An Iranian petrochemical industry official says the country will be hosting an international event on investment in its petrochemical sector in the middle of December.


“The conference will be held to introduce opportunities for investment in Iran's petrochemical industry and to discuss available grounds for the attraction of foreign direct investment after sanctions imposed on Iran are removed,” Mohammad Hassan Peivandi, deputy managing director of the National Petrochemical Company (NPC), said in an interview with IRNA.

According to the official, the conference, scheduled to be held on December 13 and 14, will be attended by representative of 137 creditable international companies.

The conference comes following a similar international event held in Tehran last week to introduce the new format of Iran's petroleum contracts and to lay out 50 oil and gas projects for development through foreign investment.

The conference, dubbed “Tehran Summit: Iran Oil and Gas Projects and Domestic Capacities,” was also attended by 137 companies and oil majors, including Repsol, BP, Royal Dutch Shell, Total, Technip, Schlumberger, Eni, Enel, Rosneft, Lukoil, Gazprom, Inpex, Statoil and Daewoo.

Iran is currently planning to attract foreign investment in development of its oil, gas and petrochemical industries as the country faces a promising outlook for the removal of international sanctions.

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