TEHRAN, Feb. 01 (Shana) -- Head of Iran's National Petrochemical Company (NPC) said two leading chemical companies from Germany have signaled their readiness to spend between 8 and 4 billion euros for development of petrochemical projects to make Germany the first post-sanctions partner of the sector in Iran. Abbas Shari-Moqaddam said the two firms ...

TEHRAN, Jan 29 (Shana) -- Deputy Petroleum Minister in Petrochemical Affairs said now that international sanctions have been lifted on Iran, petrochemical companies will be more inclined to choose from foreign financiers who offer the best terms for cooperation and the Chinese companies can no longer dictate their will on them. "Under the current ...

TEHRAN, Dec. 28 (Shana) Iran says German firms have proposed deals worth over 12 billion euros for financing petrochemical projects in the country. "Two leading German companies have indicated their interest to bankroll petrochemical projects as much as 12bn in Iran in the post-sanctions era," said Abbas Shari-Moqaddam, managing director if National ...

TEHRAN, Dec. 13 (Shana) Managing Director of National Petrochemical Company (NPC) Abbas Shari-Moqaddam said Iran plans to increase its petrochemical production to 70 million t/y by March 2017. In spite of international sanctions, Iran will increase its petchem products 4.5 million tons by end of current year (20 March 2016) and another 4.5 million ...

TEHRAN, Dec. 13 (Shana) Managing Director of National Petrochemical Company (NPC) said Iran welcomes foreign investment in the industry as European companies have shown more interest than other countries in Irans petchem projects. Considering Irans appropriate infrastructure and plenty feedstock in the petrochemical industry, foreign investors ...

TEHRAN Sept. 15 (Shana) Representatives of Spanish companies in a meeting with Managing Director of the National Petrochemical Company (NPC) Abbass Shari-Moqaddam expressed the readiness of more than250 compatriot firms to have joint investments in Iran in the post-sanctions period. Spanish firms are eagerly hopeful that sanctions will be lifted ...

TEHRAN May 27(Shana)--A deputy petroleum minister has said the country shall be expecting a leap in the petrochemical sector shortly after the sanctions are removed in July. Abbas Shari-Moqaddam, deputy minister of petroleum in petrochemical affairs and head of the National Petrochemical Company (NPC), said once the sanctions are lifted, the country ...

TEHRAN (NIPNA)--Head of Iran's National Petrochemical Company (NPC) Abbas Shari-Moqaddam has called on the government to make efforts and take measures to lay the groundwork for welcoming foreign firms in Iran now that the western sanctions are hoped to be lifted following the Vienna deal on Iran's nuclear program. "We must provide the infrastructure ...

TEHRAN July 20 (Shana)--National Petrochemical Company (NPC) chief says investor firms from outside of Iran can fund petrochemical projects in the country. Abbas Shari-Moqaddam is scheduled to meet with representatives of Germany's Linde Group and BASF on Monday to explore avenues for enhancing cooperation in the petrochemical sector. The two German ...

TEHRAN June 17(Shana)--The National Petrochemical Company (NPC) will attempt to continue running Damavand petrochemical complex under its own management if its transfer to private sector fails. Speaking to Shana, Abbas Shari-Moqqadam, the managing director of NPC, made the remarks, adding even if private companies decide to buy Damavand petrochemical ...

TEHRAN June 17(Shana)--The National Petrochemical Company (NPC) is involved in preparing new regulations which will facilitate investment in petrochemical sector, NPCs chief Abbas Sheri Moqqadam said. Speaking to Shana, he said in the near future NPC will send these new regulatory guidelines to related bodies including petroleum ministry for final ...

TEHRAN June 13(Shana)--The price petrochemical plants should pay for feedstock and a long-term feedstock price formula will be finalized within the next ten days, deputy minister of petroleum Abbas Shari-Moqqadam said. Speaking to Shana, he referred to a call announced for investment in Siraf refining project, adding a similar investment call will ...

TEHRAN May 09(Shana)--The head of National Petrochemical Company (NPC) has said that $7.5 billion dollar in investment is needed for the production of 60 million tons of petrochemicals a day. Abbas Shari-Moqaddam said petrochemical plants in Iran are capable of supplying 60 million tons, adding that they are currently producing 45 million tons. He ...

(Reuters) - A U.S. delegation will visit Iran to review energy investment opportunities while Tehran negotiates a final deal with world powers on its nuclear program, a senior oil ministry official told Mehr news agency on Monday. The United States has imposed sanctions on Tehran which prohibit Americans from trading directly or indirectly with ...

TEHRAN April 29(Shana)--Iranian Deputy Petroleum Minister of Petrochemical Affairs has said the major progress in Iran's nuclear talks with world powers has raised hopes for enhanced international cooperation in the petrochemical sector of Iran. "The positive progress of the nuclear talks between Iran and the P5+1 countries has induced a sense of ...

TEHRAN April 22(Shana)--A deputy petroleum minister said some European companies have expressed interest in returning to Iran to operate petrochemical projects. A number of European countries that were earlier present in our country have voiced readiness for renewed presence in Irans petrochemical industry, Abbas Shari-Moqaddam said. He attributed ...

Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested 20 billion in the countrys oil industry. Pointing to Chinese oil ministers recent trip to Iran, Moqaddam said that Chinese banks are investigating a plan to finance Iranian projects at three times the amount of money Iran has in China, Fars news agency reported ...

TEHRAN April 15(Shana)--China has so far financed 20 billion euros of oil projects in Iran, the head of National Petrochemical Company has said. So far, Chinas finance in Irans petroleum industry has been around 20 billion euros, Abbas Shari-Moqaddam said. He added that Irans Minister of Petroleum Bijan Zangeneh, during his visit to China, solicited ...

TEHRAN, Apr. 08 (MNA) Iran's Deputy Oil Minister has announced the construction of 12 petrochemical projects and a 14mn ton increase in petrochemical production during the current Iranian year (ending on March 19, 2016). Abbas Sheri-moghaddam noted that the construction of 12 petrochemical complexes in various provinces would be completed and come ...

[caption id="attachment_110191" align="alignright" width="214"] Head of Iran National Petrochemical Company Abbas Sheri-Moqaddam[/caption] TEHRAN March 11(Shana)--The head of Irans National Petrochemical Company (NPC) has said that petrochemical products can compensate for losses from oil price slump. The petrochemical market is not much affected ...