Iran, China ink MOU establishing petrochemical park in Iran

Iran, China ink MOU on establishing petrochemical park

7:03 AM, 3rd May 2018
Iran, China ink MOU on establishing petrochemical park in Iran
NPC's Managing Director Reza Norouz-zadeh (L) shaking hand with CPCIF's Chairman Li Shousheng at the MOU signing ceremony in Tehran.

TEHRAN, IRAN: Iran’s National Petrochemical Company (NPC) and China Petroleum and Chemical Industry Federation (CPCIF) signed a memorandum of understanding (MOU) for strategic cooperation, ILNA news agency reported.

Based on the MOU which was signed by NPC’s managing director Reza Norouz-Zadeh and CPCIF’s chairman Li Shousheng, the two sides agreed on constructing a petrochemical park in Iran.

According to NPC’s investment director Hossein Alimorad, this MOU paves the way for further expansion of cooperation between the two countries’ petrochemical sectors.

“The location of the new petro-park will be determined after precise surveys and the output product types will also be determined by NPC based on the location and its conditions,” said Alimorad.

© Tehran Times

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