Iran-Petrochemicals-Forum
Oil Minister Gholam-Hossein Nozari invited foreign companies on Saturday to make investments in the upstream and downstream projects of the country's petrochemical industry.

Nozari made the call in his address to the opening ceremony of the eighth session of Iran's Petrochemical Forum.

The two-day conference is participated by senior experts of oil and petrochemical industries from 118 Iranian and over 76 foreign companies from 27 countries.

The participants would discuss present and future challenges facing Iran and world's energy sectors and their petrochemical industries, the role of refining in petrochemical industry, prospects of the industry as well as technologies related to petrochemical industry.

Foreign companies could make both independent or joint investments in Iran working with their Iranian counterparts by financial and technological partnership, said the minister.

Based on the country's 20-Year Vision Plan for Economic, Social and Cultural Development (2005-2025), Nozari added, Iran's petrochemical industry needs about dlrs 30 billion investment.

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