Iran's National Petrochemical
Company (NPC) has devised policies to absorb fresh investments in petrochemical
projects by leading domestic and international companies in the wake of the Joint
Comprehensive Plan of Action (JCPOA) implementation.
Iran's outstanding investment
security and advantages in petrochemical sector including abundant feedstock
supply and skilled domestic labor entice foreign investors into considering
serious presence in the OPEC member's petrochemical sector.
Hossein Alimorad, director of
investment at NPC, says talks are under way with many international energy
majors for concluding investment of over 5 billion dollars in petrochemical projects
He said NPC has so far signed
over $10b worth of memoranda of understanding (MoUs) with leading foreign
developers from Asia and Europe for completing petrochemical projects.