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Italian company denies signing petchem contract with Iran

Politics Materials 12 August 2015 10:54 (UTC +04:00)
Maire Tecnimont denied signing any petrochemical unit building contract with Iran
Italian company denies signing petchem contract with Iran

Baku, Azerbaijan, Aug. 12

By Fatih Karimov - Trend:

Maire Tecnimont denied signing any petrochemical unit building contract with Iran.

The National Iranian Petrochemical Company announced Aug.9 that "Italian oil and petrochemical company Maire Tecnimont has signed a contract to implement detailed engineering and procurement of a petrochemical project in Iran's Pars Special Economic and Energy Zone".

Maire Tecnimont told Trend on Aug.12 that "no agreement has been signed for building such petrochemical unit".

Last week Iran also announced that Polimeri Europa, the Italian chemical company, has already signed a deal to provide the required technology for the project.

"Iran signed its first economic memorandum of understanding with a European country after the nuclear agreement," Mehr News Agency reported.

"The deal was signed in Tehran on August 5 between the Trade Promotion Organization of Iran and the Italian Institute for Foreign Trade, after a meeting between Iranian Industry Minister Mohammad Reza Nematzadeh and Italian Economic Development Minister Federica Guidi," the report said.

Polimeri Europa hasn't confirmed the deal yet.

Several high ranking European delegations plan to visit the country in the near future to explore the avenues to promote trade ties with the Islamic Republic. The visits follow a breakthrough in Vienna last month by Iran and the P5+1 group of countries - the five permanent members of the Security Council plus Germany - over the Iranian nuclear program.

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