GERMANY'S BASF 'READY TO INVEST $4BN IN IRAN': SHANA

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February 15, 201610 yr

The world’s largest chemical company, Germany’s BASF, has reportedly said it is ready to invest $4bn in a petrochemical project in Iran.

The managing director of Iran’s National Petrochemical Company (NPC), Marzieh Shahdaei, said BASF intends to take a 60% stake in the first phase of investment in Parsian Special Energy Zone, southern Iran, Shana news agency reported on February 12.

http://www.naturalgaseurope.com/germanys-basf-ready-to-invest-4bn-in-iran-shana-28143

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