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China to invest billions in Iran petrochemical industry

China to invest billions in Iran petrochemical industry

A high-ranking delegation from HQC company representing the Chinese government visited Chabahar in southern Iran to assess its potentials for the construction of a petrochemical park. The visit took place within the framework of and MoU signed between the Iranian and Chinese presidents and the drafting of a document promoting mutual cooperation between the two countries.  

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Iran and Italy sign 35MM euro agreement

Iran and Italy sign 35MM euro agreement

Iran and Italy have signed an agreement worth 35 million euros for polypropylene production from natural gas. The agreement was signed in Tehran between Techint Engineering & Construction and Ardabil Petrochemical Company. The project duration is predicted to be 18 months.  

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China ready to invest in oil and petrochemicals in Iran

China ready to invest in oil and petrochemicals in Iran

Iran’s Minister of Petroleum, Bijan Zangeneh, met for talks with Wang Yang Gao, Chief of China’s International Chamber of Commerce yesterday. At the meeting, Yang Gao pointed out the extensive trade ties between Iran and China, and stated: “China needs energy resources and our old friend, Iran, is rich in these resources. This can help expand ties between the two countries.”

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