Iranian National Petrochemical Company (NPC)’s director for investment said despite U.S. pressures, foreign investors are still eager for participation in Iran’s lucrative petrochemical industry.
The official noted that currently a consortium comprising foreign partners is in talks with NPC for investment in some significant projects.
“The government is also taking all the necessary measures to facilitate the process of such investments and the companies which are going to invest in Iran surely have their own mechanisms for countering U.S. sanctions.
After withdrawing from the nuclear deal in November 2018, the U.S. has been pressuring Iran’s trade partners to cut of ties with the Islamic Republic.
Petrochemical industry is one of the most important pillars of Iran’s economy and one of the main suppliers of foreign currency especially euro for the country.
Bayan Emrooz Law Firm was founded in 2008 under the registration No. 23211 in Tehran, and renders legal consultation and attorneyship services to foreign or domestic legal and natural persons. Our approach and main purpose is to expand the culture of utilizing legal consultation in civil and commercial matters in order to prevent high personal or social costs spent on resolution of disputes before judicial and non judicial authorities.