Spain’s Sercobe, Iran’s NPC in petrochemical talks

Financial Tribune- Talks are underway between Iran’s National Petrochemical Company and major Spanish consortium Sercobe to open a credit line to finance petrochemical projects in Iran, says the NPC’s head of financial affairs. 

“A new round of negotiations that started in Tehran hinges on outlining the details of long-term cooperation in implementing and financing petrochemical joint ventures,” Hussein Alimorad was quoted as saying by Mehr News Agency.

Spain’s National Association of Manufacturers of Capital Goods, known as Sercobe, represents more than 400 companies and special groups in designing, engineering, production, maintenance, installation and recycling.

Attaching special importance to collaborating with international companies and winning their trust to invest in Iran’s fast growing petrochemical sector, Alimorad hope that “minor differences” with the Spanish group on how to undertake the projects are all but resolved and an agreement will soon be concluded.

“Sercobe has been in talks with the NPC on financing Damavand Petrochemical Complex that is Iran’s biggest provider of petrochemical industry services in Asalouyeh,” he said.