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Iran in JV Talks with Russian, Turkish, and Indian Firms; Inaugurates Mehr Petrochemical Complex

12:43 PM MDT | July 1, 2009 | Natasha Alperowicz

Iran's National Petrochemical Co. (NPC; Tehran) is seeking more foreign joint venture partners to invest in its huge development program. The company says it is in discussions with Petkim (Istanbul) and Sibur (Moscow) about possible investments. Dmitry Konov, chairman of Sibur, recently visited Tehran and said that Sibur "is quite ready to have a 50% share" in an Iranian petrochemical project, NPC says. The delegation from Sibur also visited the petrochemical sites at Assaluyeh and Mahshahr. Petkim, meanwhile, is discussing an investment in the...

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