Iran, Japan seal deal to fund petrochemical plans
Iran says Japan has agreed to fund the development of some of its petrochemical projects - a groundbreaking move that could open the way for similar funding mechanisms for other sectors in the future. Under construction by Iran's Persian Gulf Petrochemical Industries Company (PGPIC) Iran's Ministry of Petroleum announced in a statement that a deal has been signed between the country's Persian Gulf Petrochemical Industries Company (PGPIC) and Japan's Marubeni to provide as much as €320 million for the development of PGPIC's petrochemical ...
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