Iran’s Head of National Petrochemical Company (NPC), Marzieh Shahdaei, said that five petrochemical projects are expected to go on stream by the end of the country’s current fiscal year in March 2017.
The National Iranian Oil Company (NIOC) finalized a deal with the world's largest oil trader, Vitol, loaning Iran about $1.05b guaranteed by future exports of refined products.
Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model.