Issue Date: February 22, 2016 | Web Date: February 16, 2016
BASF May Invest $4 Billion In Iranian Petrochemical Project
Marziyeh Shahdani, the managing director of Iran’s National Petrochemical Co. (NPC), has told reporters in Iran that her firm is in negotiations with BASF to construct a major petrochemical facility in southern Iran. The German company may invest $4 billion in the project, according to reports from Iran. BASF declines to comment.
The deal, if it goes through, would be one of a series of tie ups between Iranian chemical firms and multinational chemical and . . .
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