Iran To Finalize 10 Petrochemical Deals In 2 Mos -
TEHRAN (Dow Jones)-- Iran 's National Petrochemical Co. (NPC) is at
the closing stage in negotiations with international companies to build
10 petrochemical projects, deputy oil minister and NPC head Mohammad-Reza
Nematzadeh said Saturday.
Nematzadeh said the winners of the relevant tenders will be announced
within the next two months or so. The offered tenders included new projects
as well as new units at existing plants.
NPC has previously estimated the total value of its strategic development
plan, which includes these and other projects, at $15 billion.
Nematzadeh said Iran 's ambiguous foreign investment law is still hindering
investment in the country's petrochemical projects despite the numerous
advantages of investing in Iran .
Iran 's state news agency IRNA quoted Nematzadeh as saying that the
Iranian government should spell out its policy with respect to monetary,
foreign exchange, taxes and other issues.
The NPC chief said that definite measures should be instituted to inform
potential overseas investors of the advantages of investing in Iran with
respect to raw materials and services.
He noted that Iran has abundant natural gas, the price of which will
soon be set in cooperation with the country's Oil Ministry.
He didn't elaborate on the price issue.
"The prices of other raw materials in Iran are less than those
offered by regional countries", he said.