Japan and South Korea are interested in the Iranian petrochemical industry
Date: 08:46, 22-06-2016.
Almaty. June 22. Silkroadnews – Iran negotiates with Japanese and South Korean investors letters of credit for Iranian petrochemical project, Isa Mashayekhi, managing director of Iran International Petrochemical Company, said, Trend wrote.
The Iranian company is in talks with two Japanese and South Korean companies on provision of the short-term credit in the amount of €520 million.
According to I. Mashayekhi, South Korea will provide €13 billion to finance Iranian infrastructure projects, and Japan is expected to allocate €10 billion.
Iranian petrochemical industry’s production capacity makes 61 million tonnes per year. Country hopes to raise this number to 120 million tonnes by 2020 and 180 million tonnes by 2025.
