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New companies in talks to invest in Iran's Golestan petrochemical plant

Oil&Gas Materials 21 March 2022 14:24 (UTC +04:00)

TEHRAN, Iran, March 21. Four companies are interested in investing into Iran's Golestan petrochemical plant, said the Head of Golestan Province Judiciary Heydar Asiyabi, Trend reports citing IRNA.

"Four companies are negotiating for investment in Golestan petrochemical plant and form a new board of directors in the Golestan Petrochemical Industry Company," he said.

Golestan petrochemical project only had a 20-percent progress in the past sixteen years and has more than 90,000 shareholders.

According to the official, the judiciary is pursuing to solve the legal and financial issues of the company, while the National Petrochemical Company is evaluating the situation with new investors.

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