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Business
Total follows BASF into Iran
by Alex Scott
March 21, 2016
| A version of this story appeared in
Volume 94, Issue 12
French oil and chemical firm Total has signed an agreement with the National Petrochemical Co. of Iran to study a petrochemical complex in Iran. The complex would include a steam cracker and downstream chemical plants that would use feedstocks including ethane, naphtha, and liquid petroleum gas. The French firm’s planned entry into Iran follows agreements between NPC and a string of European firms including BASF, which is understood to be considering a $4 billion petrochemical complex in the country.
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