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.