29 August 2016 - 12:51
  • News Code: 268015
Linde, Total Deal Result of JCPOA: NPC Chief

TEHRAN, Aug 29 (Shana) – Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei said two memoranda of understanding (MoU) has been signed with European giants Linde and Total, and two other MoUs are under way in the near future.

Speaking on Monday, Shahdaei recounted on the Rouhani administration's petrochemical achievements over the course of the past 3 years since the administration took office in 2013, saying the country's petrochemical production capacity has increased to hit 60 million tons per year from 55mt/y under the previous administration.
She said the figure will cross 100 mt/y within the next 5 years and will hit 140 mt/y by the next 10 years. 
Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, further said two more landmark deals with two other leading energy and chemical heavyweights are on NPC's agenda. 
She said an MoU takes about 12 to 14 months before it can become an agreement. 
News Code 268015

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