PIDMCO: Many European Banks ready for Investment in Iran’s Petchem Market

TEHRAN, May 5 (Shana) – Head of Petrochemical Industries Development Management Company (PIDMCO) Hossein Alimorad says that over the past months, many well-reputed Europeans banks have expressed willingness to invest in Iranian petrochemical industry in conformity with the PIDMCO conditions.

Alimorad told Shana on the sidelines of the 21st International Oil, Gas, Refining and Petrochemicals Exhibition that a very suitable atmosphere has been created in the JCPOA-era for presence in Iran of companies and countries that provide finance and technology. 
He noted that from foreign companies’ point of view, Iran’s petrochemical industry has great advantages, including access to feedstock and free waters.
He noted that foreign companies are now calling on the PIDMCO to inform them of the programs and opportunities of investment in the industry soon so as not to lag behind of investment in Iran because they know pretty well that Iran has special limits in terms of feedstock and land despite all its existing capacity. 
News Code 259711

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