Official Urges Return of Japan’s Mitsui to Iran’s Petrochemical Industry

News ID: 1098187 Service: Economy
زمانی نیا

TEHRAN (Tasnim) – Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said the Japanese company Mitsui, one of the largest corporate groups in the world, can actively work in Iran’s petrochemical sector.

Speaking in a meeting with Mitsui’s Chief Operating Officer of EMEA (Europe, the Middle East and Africa) Business Unit Atsushi Kume, Zamaninia stressed the need for closer cooperation between Iranian and Japanese companies in upstream and downstream sectors of the oil, gas and petrochemical industries.

“Given the good record of the company (Mitsui) in the petrochemical sector, it can actively work in Iran’s projects on petrochemical industry,” he said.

He further expressed the hope that the Japanese firm would also invest in the Iranian petrochemical industry.

The remarks come against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program and started implementing it on January 16.

The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

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