Code: 82000248 (5227508) | Date: 12/03/2016 | Time: 16:23|
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NPC, Total agree to build joint venture petchem complex

Tehran, March 12, IRNA – Iran's National Petrochemical Company (NPC) and the French energy Giant, Total, have signed a memorandum of understanding (MoU) to build a joint venture petrochemical complex in Iran.

The MoU was signed during the visit of a high-profile delegation from Total to Iran last week, Shana news agency said.
Accordingly, Total has agreed to initiate appraisal studies for construction of the project in Iran.
The complex will include a steam-cracker unit that will be built in coastal regions based on the world's latest standards to be fed by ethane, naphtha, liquefied petroleum gas (LPG) and other liquid feedstock.
The joint venture project aims to supply petrochemical products to the domestic and the international markets.
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