Italians Eager to Invest in Jam Petchem Plant

A group of Italian investors have paid a visit to Jam Petrochemical Complex located southern Iran with the hope of hunting out investment opportunities in the facility’s development projects.

The delegation met with the facility’s executives and conferred establishment of ties and partnerships in the post-sanctions setting. 

In a meeting with his Italian guests, Hossein Mirafzali, managing director of the facility, welcomed Italian investors in the plant’s projects, adding plans are under way for enhancing activities of the Jam Petrochemical Plant which would require foreign finances. 

He recalled a successful experience of Italians presence in Iran’s steel industry in the past, expressing hope that this will be another successful experience of the Italians in Iran.

Ernesto Paolio, head of the Italian delegation, said in the meeting that Italian investors would use European banks for financing petrochemical projects in Iran and seek long-term presence in the OPEC-member oil producing country.