Gulf Oil and Gas accountACCOUNT

$4bn Investment by BASF in Iran Petchem Sector

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

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 >>

Mexico >>  2/13/2019 - BHP has approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP, ...
Iraq >>  2/12/2019 - Iraq’s Basrah Gas Company will increase its capacity by 40 percent as part of an investment plan, Royal Dutch Shell said. ...

Oman >>  2/12/2019 - Under current market conditions and production assumptions, Tethys Oil expects its 2019 investments for the company’s existing operations on Blocks 3&...
Russia >>  2/12/2019 - SIBUR has decided to launch an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voro...

Romania >>  2/7/2019 - Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Ventures”) and Gas Plus International B.V. ...
Russia >>  2/4/2019 - PAO Severstal ("Severstal"; "the Company"), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces...

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

Related Links

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