Leading company of Germany, BASF is making huge investment in petrochemical industry of Iran. The negotiations are underway with BASF to construct a petrochemical township in southern Iran, Marziyeh Shahdani, managing director of the National Petrochemical Company (NPC), was quoted as saying in The Iran Project report.
BASF will have a share of 60 per cent in the project which will be constructed in Parsian Special Industrial Zone, it said. Iran has already unveiled plans to become the leading producer of petrochemicals in the Middle East by significantly expanding the range and volume of its petrochemical production, added the report.
