Volume 94 Issue 8 | p. 7 | News of The Week
Issue Date: February 22, 2016 | Web Date: February 16, 2016

BASF May Invest $4 Billion In Iranian Petrochemical Project

Investment: Multinationals line up to partake in Iranian projects ahead of lifting sanctions
Department: Business
Keywords: Iran, petrochemical, investment, refineries

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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