Newly appointed Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said that negotiations with the German chemical producer BASF over multi-billion dollar investment in Iran’s petchem industry are not finalized yet.
“Talks are underway and none of the issues have been concluded so far,” she told Shana when asked about media reports suggesting BASF’s plans to invest 4 billion dollars in Iran.
Last December, NPC Deputy Managing Director Mohammad Hassan Peyvandi also said the Iranian firm is in negotiations with the major German chemical producer for a giant joint investment project.
In her another meeting with the board of directors of the NPC, reported by “NIPNA“, she has briefed her agenda as follow:
“Developing downstream industries in the country and maximizing production of petrochemical products by tapping the country’s massive oil and gas reserves are NPC’s chief targets,” Marziyeh Shahdaei, the first-ever woman head of the company and deputy petroleum minister in petrochemical affairs, told a ceremony held on Saturday evening to bid farewell to the previous head of the company Abbas Shari-Moqaddam.
She said NPC’s top priorities are planning to create and develop the required petrochemical infrastructure across the country in a bid to materialize the requirement of the resistive economy.
Shahdaei said facilitating foreign investments in the sector and upgrading the petrochemical industry with the latest technological developments are also minded by NPC.
“NPC is seriously trying to woo leading chemical firms from around the world into Iran for investment and transfer of their technologies and then localize them before promoting the industry,” she said.
