Turkish Gamma Co. signs petrochemical investment MoU with Iran

Ahvaz, March 13, IRNA – Khuzestan Governorate General signed a memorandum of understanding (MoU) on petrochemical investment in the city of Izeh with Turkey's Gamma Company on Monday.

Representative of Gamma Company Dondarf Koncal expressed willingness to invest in Khuzestan province, saying that the company started its activities in Iran 18 months ago when it was seeking to invest in a big economic project.

Describing Izeh petrochemical as a major and lucrative project, he hoped that the company would succeed in implementing the project.

Khuzestan Governor General Gholamreza Shariati, for his part, assured the Turkish representative of deposit guarantee and profitability of the project, saying that license for establishing the company in Izeh has been issued and it is waiting for approval of Council of Economy.
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