TEHRAN, Apr. 25 (Mehr News Agency) -- Iranian Natural Gas Liquefaction Company managing director said here on Friday that an Austrian company will take part in Iran's LNG project.
"The Austrian company has agreed to support the technical and financial aspects of Iran's LNG project," Ali Kheirandish said, while adding that this company's authorities are due in Tehran around the 20th of May to sign the contract.
"Negotiations on financing some of the project's costs from the Forex fund have kicked off and generally there are no worries about financing this project," he noted.
Considering the current progress, the project should reach 35 percent of its completion by the end of this Iranian calendar year (March 20, 2009), he explained, adding, "Based on our schedule the first phase of the Iran LNG project should become operational by December 2010."
"Up to now we have started negotiations with 3 Asian and European companies for financing the project, but the final decision on these talks will be made by high ranking officials." He said.
Mohammad-Ali Zardbani added that the company exported 8.8 million tons of petrochemical products valued at 5.5 billion dollars in the past Iranian year, SHANA reported.
Some 30 percent of the products are exported to Japan and the Far East, he said and added that the Middle East was the second major export destination.
The company witnessed notable growth in export to Europe in the past Iranian year, Zardbani said and explained they now plan to penetrate into African, South American, and Pacific markets.
The IPCC products including LPG, naphtha, methanol, ethylene, benzene, glycols, and polymers all have a good place in the market, he noted.
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