Off the wire
• Sudan's national dialogue approves document to end crises  • Norway allocates one billion USD credit for businesses with Iran: FM  • China, Portugal pledge to upgrade economic cooperation  • Suspected militants snatch 2 rifles from police post in Indian-controlled Kashmir  • 1st LD: Strong quake strikes off eastern Indonesia, no tsunami alert issued  • Murray takes first China Open title with win over Dimitrov  • Xinhua world news summary at 1600 GMT, Oct. 9  • Philippine gov't slams French paper for calling Duterte "serial killer president"  • Roundup: Iran says Saudi rulers should be tried for "war crime" in Yemen  • Alibaba Pictures acquires stake in Spielberg's Amblin Partners  
You are here: 　 Home

Iran seeks German investment in petrochemical industry

Xinhua, October 10, 2016 Adjust font size:

An Iranian energy official said here Sunday that talks are underway with some German companies to invest in Iran's petrochemical projects, Iran's Petro-Energy Information Network (SHANA) reported.

Managing Director of Iran's National Petrochemical Company (NPC) Marzieh Shahdaie referred to the recent visit of German Minister of Economy, Sigmar Gabriel, to Iran and said that talks were held with German officials for the ways of German companies' engagement in Iranian petrochemical industry.

Shahdaie said German companies including BASF Group, Linde Group and Air Liquide as well as several other companies are finalizing types of contribution to and investment in Iranian petrochemical projects.

She emphasized that technical problems are not the cause of foreign companies' absence in Iran's energy projects, rather certain banking problems, including money transfer, are the bottlenecks which are hoped to be settled soon. Endit