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Issue 20/2016 - Shell signed a letter of intent with the National Petrochemical Company of Iran

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Shell has signed a letter of intent with the Iranian National Petrochemical Company (NPC) to cooperate in the energy sector, including the petrochemical field, which may mean that
Shell will return to the Iranian petrochemical market
.

Hans Nijkamp, Shell's head of Iran, said the letter of intent would give Shell and NPC a framework for
further discussions on the project.
Shell may be involved in a natural gas-based cracker, diesel, GTL and other projects
.
NPC CEO Marziyeh Shahdaei said NPC plans to significantly expand petrochemical capacity from the current 60 million tons to 160 million tons
by 2025.

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