Clever Italians Visited South Instead of North!! : Whereas the world’s eyes are focused on the K 2016 for any possible trade, the Italians are looking to the main sources here in Iran. Based on the reports followed on several Iranian media:
Italian investors have indicated their readiness to finance construction of the PDH and PP units of Jam Petrochemical Plant.
A group of Italian investors have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility’s development projects.The delegation met with the facility’s executives and conferred establishment of ties and partnerships in the post-sanctions setting. In a meeting with his Italian guests, Hossein Mirafzali, managing director of the facility, welcomed Italian investors in the plant’s projects, adding plans are under way for enhancing activities of the Jam Petrochemical Plant which would require foreign finances.
He recalled a successful experience of Italians presence in Iran’s steel industry in the past, expressing hope that this will be another successful experience of the Italians in Iran. “Ernesto Paolio“, head of the Italian delegation, said in the meeting that Italian investors would use European banks for financing petrochemical projects in Iran and seek long-term presence in the OPEC-member oil producing country.
Jam Petrochemical Company (private joint stock) got registered under No. 32285 in Companies Registration Department in Aug 30, 2000. The legal personality of the company was altered from’ the private joint stock to the public joint stock’ on the basis of extraordinary general meeting dated Sep 15, 2008. At present, JPC owns about %75 of the total shares of Jam Polypropylene Company and %100 shares of Sana’t-karan Jam Company with sum 4800 billion RLS. As per approval of board of directors, the execution of tenth Olefin project from the plans of the third five-year development plan for development of petrochemical industries in pre-utilization stage was bestowed to Jam Petrochemical Company (private Joint Stock) since Aug 30, 2000. In order to achieve some goals of the industrial development of Iran, the main targets and objectives of the plan have been listed as follow:
- boosting financial income as well as promotion of scientific, technical, economical and social knowledge level of the country;
- Development of oil export and petrochemical products and increasing the relative market share in regional and global market;
- Optimum utilization of hydrocarbon resources and thus leading to creation of more added value;
- Promotion of technical knowledge level in engineering and equipment manufacturing field ;
- Job creation to soar employment levels ;
- Enhancement of national executive power.
Based on of the final investigation of the approved budget, the total investment on administration of the overall project has been estimated to hit $1585 million dollars and Rls 11185 billion (Iranian domestic currency).
