Gulf Oil and Gas accountACCOUNT

$4bn Investment by BASF in Iran Petchem Sector

Source: Shana 2/13/2016, Location: Asia

Share |
Germany's giant chemical company BASF is planning to invest 4 billion dollars in Iran's petrochemical industry, a senior petrochemical official said.

Marziyeh Shahdaei, the managing director of Iran's National Petrochemical Company (NPC), said the BASF, the world's largest producer of chemical products, will have 60% stakes in a petrochemical township it is planning to finance in southern Iran. The project will be constructed by Parsian Special Industrial Zone.

BASF’s planned investment in Iran will also involve a guaranteed market as well as the transfer of technology, said Hamid Reza Rostami, the NPC director for planning affairs, in December last year.

Germany’s Linde and Japan’s Mitsui are also negotiating with Iran over investments in the country’s petrochemical industry, the Iranian official said.

BASF has financed 6 petrochemical townships in other countries so far and is planning to construct the 7th one in a ban-free Iran.

A holding, BASF earned 74 billion euros in 2014 making it first in the world in terms of annual revenues among chemical companies.

Investment News in Iran >>

Saudi Arabia >>  9/17/2018 - State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company exe...
United Arab Emirates >>  9/16/2018 - The United Arab Emirates Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, BPGIC...

Russia >>  9/12/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, Governor of Japan Bank for International Coo...
Iran >>  9/9/2018 - Iranian Minister of Petroleum Bijan Zanganeh said Total was not expected to pay a fine to Iran, but the amount that the company had already spent in S...

Egypt >>  9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Repub...
Russia >>  9/5/2018 - The Gazprom Management Committee took note of the information about the progress of major investment projects. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.