Based on the deal, the
Italian company will designate a licensor for a 500,000-ton GTPP or GTOP
project in Iran in an 18-month period and then fund the project.
Upon signing the deal, Bahram
Shahsavari, head of the board of directors of Ardebil Petrochemical Company,
said once the €1.6b project becomes operation, over 1,500 direct jobs and over
10,000 indirect jobs will be generated.
Localization of the technical
savvy for construction of the project as well as training of human forces for
running such facilities have been stipulated in the contract, he added,
highlighting the deal's top features.
Techint is an
Italian-Argentine conglomerate founded in Milan in 1945 by Italian
industrialist Agostino Rocca and headquartered in Milan and Buenos Aires.