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 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search