Venezuela eager to cooperate with Iran�s petchem industry

INSUBCONTINENT EXCLUSIVE:
TEHRAN - Hossein Alimorad, the head of the international affairs department of the National Petrochemical Company (NPC), has said Venezuela
little, very low-risk investment, and I suggest focusing on this area in line with the strategies of the Oil Ministry for expanding foreign
politico-economic delegation Venezuelan President Nicolas Maduro arrived in Tehran on Friday for an official visit.Noting that the oil
Iran's petrochemical industry, and despite the sanctions, many companies are reaching out to us in this regard."Alimorad further
emphasized that when the government pays special attention to a specific field or industry, foreign investors will also get more interested
visiting Iran to cooperate with our petrochemical industry and knowledge-based companies active in this industry, especially to supply
capacities and international contracts.In the field of oil, petrochemical, upstream, and downstream industries, $200 billion of investment
is needed, a significant part of which has been provided by 50 contracts concluded so far, the minister said.The petrochemical industry is