Azerbaijan, Baku, May 15/Trend M. Moezzi
Indian investors and their Iranian counterparts are in the midst of negotiations over building several plants to produce urea fertiliser and ammoniac, Mehr news agency reports.
The infrastructure needed to build urea plants is available in locations like the Pars Special Economic Energy Zone (Assaluyeh) and so far, the National Petrochemical Company (NPC) would have no objection to the project, said NPC head Abdol Hossein Bayat.
Discussions are now focused on setting a selling price for the natural gas needed for the project.
Private Indian businesses have expressed an interest in building plants for polymer products too. Iran has enough petroleum products and natural gas to take on such a project, said Mr. Bayat.
In earlier statements, Iranian officials said they were talking with some Far East nations like Malaysia, Indonesia, China and Japan about building petrochemical complexes to produce the materials those countries needed. Based on those preliminary discussions, each country would finance building the plant for the product they need.