2nd Iran Petrochemical Value Chain Summit “Investment & Development “, with the support of Iran’s National Petrochemical Company is under way in Paris.

Iran-Europe Business Center (IEBC) and IICIC organized the 2nd Iran Petrochemical Value Chain Summit “Investment & Development “, with the support of Iran’s National Petrochemical Company (NPC) on 26-27 April, 2018 in Paris.

Iran is committed to boosting its petrochemical and refining capacities and attaining the first rank at regional level by 2025.

This Summit focuses on exploring all possible ways and means for comprehensive development of Iran’s mid & down-stream sectors via joint ventures, attraction of international financers & investors, technology transfer, active presence in international markets and addressing the main existing challenges. Additionally this event will create a dynamic opportunity for business networking & interactions as well as holding B2B & B2G meetings with Iranian high ranking officials, managers and experts.

"AS every body knows Iran is  an Oil oriented Country ,its development will  led to  the technological and  constructional achievement in the  Country as well as value added"said Reza Norouzzadeh, Deputy Minister of Petroleum and President of National Petrochemical Company NPC, I.R. of Iran 

"In two recent years, we have signed 12 contracts with different international companies, Asian and European, and I think that they are going to see the difference that Iran is going forward to make a better base and suitable and a safe base to protect their money and their investment."saidFarnaz Alavi, Director of Planning and Development National Petrochemical Company, I.R. of Iran 

"BASF is in Iran since 60 years. At the moment of the sanctions taken since some years, BASF always stayed in Iran and since two years now, since the lifting of the sanctions, at least from the European part, we have boosted our business, we have recruited personnel and we have multiplied the contacts with local companies, especially with petrochemical companies like NPC and others."said Xavier Verfaillie,  who have been Managing Director of BASF in Iran since two years.;

"We always have the intention to stay in Iran. We will not leave tomorrow. There are big petrochemical companies like Total who are installed there now. They are going to invest; and  also other French groups like Renault and PSA, they are investing now in Iran. There will probably be repercussions in the energy sector, but I still believe in this country and whatever happens, we with BASF have a commitment with Iran and we will stay there." he concluded.

According to Iran’s 2025 Vision, the total output capacity of petrochemical products has to be reached to 120 million tons and 180 million tons by 2020 and 2025 respectively. Continuing this trend, it is highly expected that the total capacity of downstream exports to be enhanced considerably, which definitely would have a pivotal role in flourishing Iran’s national economy.