Iran is currently in talks with Japanese and South Korean investors to attract funds worth €520 million for its petrochemical projects.
Issa Mashayekhi, managing director of Iran’s Petrochemical Commercial Company International (PCCI), said South Korea will provide €13 billion to finance infrastructure projects in the Islamic Republic, along with Japan who will allocate €10 billion in 2017.
PCCI is responsible for holding talks with international companies for financing the petrochemical industry and attracting investments for PGPIC projects.
At present, Iran’s petrochemical output capacity is strong and currently stands at 61 million tons and hopes to increase this capacity to 120 million tons by 2020.
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