Tehran, Iran, April 29
By Mehdi Sepahvand - Trend:
The Iranian Mobin Petrochemical Co. is in talks with Germany's Siemens and Linde for cooperation, the company's CEO Jamshid Sabzkar said.
Linde is willing to participate in development projects and invest in the Iranian petrochemical industry, he told IRNA news agency April 29.
"Linde is even willing to buy our company's products," he said.
Commenting on the Iranian petrochemical business after the removal of sanctions, he said the export of the products has increased after Iran's nuclear deal was put into action.
Iranian oil officials have already said German companies have shown great interest in Iran's petrochemical projects, estimating that the German sides are likely to bring as much as €12 billion fund upon arrival.
Iran plans to increase petrochemical output from 60 to 180 million tons per year. To do so, the country needs $70 billion investment, much of which should be procured from foreign sources.