Tehran, Iran, Oct. 18
By Mehdi Sepahvand, Dalga Khatinoglu – Trend:
Iran’s deputy oil minister and head of National Petrochemical Company (NPC), Marzieh Shah-Daei is preparing to visit Germany on Oct. 20.
Some officials and heads of companies will accompany her during Germany visit, Adel Salimnejad, managing director of Iran’s biggest petrochemical company, Persian Gulf Holding Company, told Trend.
Salimnejad added that he will also be in the Iranian delegation and will discuss the investment opportunities with German companies.
Iran has already signed several deals with German Siemens in power and railroad sectors.
Yashar Nasrollahi-Azad, a spokesman with the German company, told Trend in August, “We are in fruitful discussions with our Iranian partners in the field of petrochemical projects.”
Marzieh Shah-Daei also announced on Feb. 12 that the world's largest chemical company, Germany’s BASF, has announced readiness to invest $4 billion in a petrochemical project in Iran.
“BASF intends to take a 60-percent stake in the first phase of investment in Parsian Special Energy Zone, southern Iran,” SHANA news agency quoted her as saying.
Germany’s Linde is also interested in investment worth billions of dollars in the Iranian petrochemical industry jointly with the Japanese Mitsui Group, Press TV reported in August.
Persian Gulf Holding Company was the first Iranian petrochemical company to sign a usance payment facility, amounting to 320 million euros with a foreign company after elimination of sanctions on Iran in January 2016.
The company and Japan’s Marubeni signed the deal in September.
The company eyes $1 billion usance payment facility deals with foreigners by March 21, 2017, said Salimnejad.
Germany became the fifth top goods exporter to Iran during the first half of the current fiscal year (March 20-Sept. 21, 2016) with $1.122 billion worth of exports.
Germany’s exports to Iran increased by 26 percent in the six-month period, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).
The country shared 5.5 percent of Iran’s overall imports, which amounted to $20.308 billion in the first six months of the current fiscal year.