Portugal interested in petchem projects in Iran

Business Materials 29 May 2016 17:23

Tehran, Iran, May 29

By Mehdi Sepahvand - Trend:

Portuguese companies are interested in playing roles in petrochemical and refining projects in Iran, according to Hossein Esmaili, director of European, American, and Caspian Affairs at the Iranian Ministry of Petroleum.

He said Portugal's Deputy Oil Minister George Oliveira met Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia in Tehran to discuss bilateral interests, SHANA news agency reported May 29.

During the meeting, it was pointed out that Iran has a relative advantage for procuring feed for petrochemical plants, where Portuguese firms stated their readiness to enter the market, Esmaili said.

Portugal's ISQ used to work with Iran at Bandar Abbas and Shiraz refineries from 2008 to 2010.

During the meeting, the Iranian and Portuguese sides underlined the need for lifting banking limitations as soon as possible to help start business.