Italy’s Maire Tecnimont signs €1bn petrochemical deal with Iran

The Italian engineering company Maire Tecnimont has signed a €1bn agreement with Persian Gulf Petrochemical Industries (PGPIC) to build refineries and petrochemical plants in Iran. The contract also covers financing and the supply of parts and equipment as well as the construction of an acrylonitrile butadiene styrene (ABS) and rubber plant in the industrial city of Asaluyeh.
“Italy is seeking to open a new chapter in its cooperation with Iran, especially in the oil and petrochemical industries,” said Maire Tecnimont CEO Pierroberto Folgiero.

Source: iran-bn