Iran signs first post-sanctions petrochemical contract with Switzerland
Tehran, Iran, June 12
By Mehdi Sepahvand - Trend:
Iran has signed its first post-sanctions contract in the petrochemical field with Switzerland.
Iran's Sadaf Petrochemical Co. and Switzerland's Welding Engineers signed a contract for installing and operating a processing unit in the Iranian factory, IRNA news agency reported June 12.
Ahmad Jazayeri, CEO of Sadaf Petrochemical Co. said the contract was signed after the Swiss company's quality of work was approved by Italy's Versalis.
According to the contract, Welding Engineers will build the final phase of the factory which is for drying and packaging the factory's product for export and domestic use.
Sadaf Petrochemical Co.'s main product is ESBR, a substance used in making tires.