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EghtesadOnline: Managing Director of Iran’s Bou-Ali-Sina Petrochemical Company Mohammad-Reza Saheb-Nasaq said the facility plans to sign a 50 million euro MoU with two French companies in near future.

He said that the complex has started talks with French companies over last 5 months, and expressed the hope that the two sides would sign a deal in the next two months, ISNA reports.

Saheb-Nasaq said that the agreement between the Iranian and French companies includes aromatic units and replacing molecular sieve absorption towers.

The aim of cooperation is supplying material, equipment and technical services, he said.

The final decision about the agreement would be decided by next month, he added.

It is expected that a trilateral agreement to supply molecular sieve and a direct agreement to provide equipment and technical services with the French company is signed, he noted.

He said in case the deal is signed, the paraxylene capacity of the petrochemical complex exceeds 100 percent one and a half year after the agreement is signed.

France Bou-Ali-Sina Petrochemical Company deal