US firm eyes to buy Iran’s petrochemical products
Baku, Azerbaijan, Apr. 19
By Fatih Karimov - Trend:
A US company has expressed willingness to buy Iran's petrochemical products, Massoud Jebraeili, managing director of Iran's Abadan Petrochemical Complex said.
The company, which is operating in the field of providing petrochemical materials, has requested to buy Iran's petrochemical products via its branch in Europe, Jebraeili said, the oil ministry's official SHANA news agency reported April 19.
The Iranian officials rejected to unveil the company's name, saying it will be kept secret till the conclusion of the talks on the issue.
The company wants to purchase polyvinyl chloride from Iran, Jebraeili said, adding serious talks will be held with the company in the near future.
Polyvinyl chloride, commonly abbreviated PVC, is the third-most widely produced polymer, after polyethylene and polypropylene.
Iran's total PVC output capacity is around 700,000 tons per year.
Jebraeili further said that following the implementation of the nuclear deal last January which removed obstacles to ways of cooperation with the international companies Iran has hold talks with various Asian and European companies regarding petrochemical exports, investment and technology transfer.
Companies from Spain, Italy and India have submitted requests to buy petrochemical products from Iran, he said.
Negotiations also were held with German, Italian and Spanish companies regarding investment in Iran's petrochemical industry which is expected to be realized next year.