Iran, Belarus Mulling over Joint Production of Petchem Products

Iran and Belarus are considering joint production and export of petrochemical products, as the two countries are taking serious steps for the expansion of economic ties.

In a gathering of Iranian and Belarusian officials and private sector representatives at the place of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), the two sides explored avenues of mutual cooperation and presented some suggestions for the expansion of ties.

The meeting was attended by TCCIMA Deputy Head for International Affairs Hesameddin Hallaj, TCCIMA Secretary General Bahman Eshqi, Belarusian Ambassador to Tehran Dmitry Koltsov, and Deputy Head of Belarus state oil company Belneftekhimas Vladimir Sizov, as well as heads of some renowned energy companies from the two sides.

Addressing the meeting, Eshqi said Iran’s National Development Fund is ready to support a project for developing new petrochemical plants in Iran with the participation of the TCCIMA and with the cooperation of foreign investors.

“Considering the ease of access to natural gas in Iran, a joint project should be defined for the production of petrochemicals from gas with the aim of export,” he said, adding that the products of the mentioned plant can be exported through Turkey. “This way, a triangle of petrochemical production and export of Iran, Turkey, and Belarus can be formed,” the official suggested.

Elsewhere in the meeting, Hallaj also stressed that Iranian companies are also eager to cooperate with Belarusian counterparts in other fields including automobiles, agriculture, the food industry, and communication technology.

"The Tehran chamber of commerce is trying to continue facilitating the exchange of business delegations so that the private sectors of the two countries can learn about each other's capacities," Hallaj said.

In this gathering, the businessmen of the two countries held talks to get to know each other's capacities and potentials and to examine common fields of cooperation. - Tehran Times