Austrian Christof Group keen to participate in Iran’s petchem projects
TEHRAN – Christof Group, an Austrian industrial holding, is willing to transfer its technology to Iran’s petrochemical industry, said Johann Christof, the CEO of the company.
According to the Shana news agency, the directors of Christof Group and Iran's National Petrochemical Company (NPC) met in Tehran on February 9 where the Austrian company announced its readiness to participate in development, design and construction of Iranian petrochemical facilities.
Christof stated that there are no boundaries in their collaboration with Iranian petrochemical companies, now that sanctions against the Islamic Republic are being removed.
Meanwhile, WirtschaftsBlatt, Austrian daily newspaper, reported Christof as saying that his company is planning to expand to Iran, noting that Austrian companies have a good reputation in Iran which paves the way for further cooperation.
Christof announced that his company would accompany an Austrian trade delegation who is set to travel to Iran in early September to spot the business opportunities in the country.
On January 30, Marzieh Shahdaie, the managing director of NPC, said the Iranian petrochemical sector should attract $8-10 billion finance per annum mainly through foreign direct investment.
According to Shahdaie, foreign companies mainly from Europe and East Asia are seeking to make investment in the implementation of Iranian petrochemical projects now that the sanctions are removed against the country.