A senior official with Iran’s Petrochemical Commercial Company International (PCCI) said it has started talks with international enterprises over investments in the country’s petrochemical sector.
Issa Mashayekhi, the managing director of PCCI, said companies from Japan and South Korea have voiced interest to participate in Iran’s petrochemical projects, and that they are expected to invest €520 million in form of a Usance LC (Letter of credit), Shana reported.
A Korean credit line worth €13bn is now available for the Islamic Republic, he said, adding that a Japanese credit line worth €10bn will be also allocated in 2017.
PCCI is in charge of holding talks with international companies for financing petrochemical projects and attracting investments for PGPIC projects.
Following the devastating fire and explosion at Shahid Rajaee Port in Bandar Abbas, southern Iran,…
The tragic explosion at Shahid Rajaee Port in Bandar Abbas, southern Iran, has claimed the…
A powerful thunderstorm swept across Tehran Province on Sunday, killing one person and injuring at…
The spokesman for Iran's Judiciary, announced that all preparations have been completed for the execution…
Qatar's prime minister has stated that efforts to reach a new ceasefire agreement in the…
Iranian President Masoud Pezeshkian has expressed Tehran’s readiness to share all its achievements in the…
