Home / Knowledge / News / Textiles / NPC ready to attract foreign investment in petrochemicals
NPC ready to attract foreign investment in petrochemicals
07
Mar '14
The National Petrochemical Company (NPC), a subsidiary of the Iranian Petroleum Ministry, is all set to attract foreign investment in the petrochemical sector, NPC’s managing director Abbas Sheri-Moqaddam has said, FARS News Agency reported.
 
Addressing a meeting in Tehran, Mr. Sheri-Moqaddam said around US$ 8 billion worth of foreign investment is required for the development of the country’s petrochemical sector and the NPC is trying to attract investment from foreign investors.
 
He informed that an international conference will be held in Tehran in late May 2014 in order to share investment opportunities in Iran with investors from other countries.
 
A day earlier, Iran’s Deputy Minister for Oil and Gas Hamid Reza Araqi also voiced Iran’s intention to welcome foreign investment. He said the progress of new phases of the South Pars Gas Field requires additional investments and foreign investment can help meet the challenge.
 
In November 2013, Iran and six major world powers agreed on a six-month Joint Plan of Action to resolve the dispute on Iran’s nuclear energy programme, which resulted in lifting of some sanctions on Iran, paving the way for Iran seeking foreign investment.
 
Sheri-Moqaddam said the NPC is also determined to attract private investors and facilitate their presence in development projects.
 
According to him, Iran’s petrochemical production capacity will increase by around seven million tons in the next calendar year that begins on March 21, 2014.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search