Italy invests in Iranian petchem industry

Deputy Head of the Commercial Development Section of the Italian Embassy in Tehran, Tony Giardini, said that Italians are ready to invest in Iran’s petrochemical industry.

He said since the implementation of the Iran nuclear deal in January, tens of Italian economic activists have visited Iran to explore investment opportunities in the country, IRNA reported.

iran petrochemical

The Italian official said that given Iran’s attractive oil and gas industries, stronger cooperation is expected to come about between major Iranian and Italian companies.

“The Iranian petrochemical industry, as a vanguard in economic growth, is in dire need of investment and development,” Giardini said.

Corradini said that Italian companies are also willing to invest in Iranian small- and medium-sized downstream oil and gas industries.

He added that Italy enjoys technology in the small- and medium-sized industries and Italian companies want to enter talks with Iranians for sale of equipment and investment in the industry.

After Germany, Italy is Iran’s second major trade partner, and it seems that cooperation between the two countries in the petrochemical field is not an unattainable goal, said the Italian diplomat.

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