Italy Favors Bonds with Iran Petchem
Italy’s trade commission in Tehran Augusto Di Giacinto said his country was willing to cooperate with Iran’s petrochemical industry despite US sanctions.
“The Italians are keen to cooperate with Iran’s petrochemical industry,” he told "Iran Petroleum" at Iran Plast.
He said that nine Italian firms were present at this year’s Iran Plast. Italy’s trade agency (ICE), the Italian Plastics and Rubber Processing Machinery and Molds Manufacturers' Association (AMAPLAST), Macplas magazine, which covers plastics and rubber industry, and Italy’s international exhibition for plastics and rubber industries (Plast), which is held every three years, were among Italian coordinating bodies at Iran Plast.
The Italian companies that exhibited their products at the Tehran show included Bausano, which produces top-class extrusion plastic, COMAC, which designs and manufactures extruders and masterbatch production lines, Dimontonate Floccati, producer of flocked materials, IPM, manufacturer of upstream industrial equipment, ITIB, producer of extrusion lines, Penta, designer and manufacturer of material displacement systems and production automation, Piovan, involved in transportation technology, Profile Dies, designer and manufacturer of systems for dripping irrigation, and Zambello Group, which manufacturers gearbox for extruders used in the plastic industry.
Great Potential
Giacinto said the presence of AMAPLAST and other Italian entities at Iran Plast provided their belief in the potentialities of Iran’s market.
“The Italian firms attending this edition are mainly technology-based and they can share their advanced technology and equipment with Iran’s petrochemical industry in order to assist this country in reaching its export objectives.
He said Iran was a major manufacturer of petrochemicals which constituted a major share in the country’s export mix.
“We have numerous options to continue cooperation with Iran’s oil, gas, refining and petrochemical industry. However, we have to wait and see how developments would go on,” he said.
“Banking transactions are complicated due to pressure from the United States. That is why the European Union has firmly supported the JCPOA (Iran’s 2015 nuclear deal with six world powers) and is looking for solutions to facilitate transactions and money transfer, which we hope would reduce the negative impact of sanctions and improve ties between the two countries,” said Giacinto.
He also said that the presence of Germany, Austria and Switzerland indicated their willingness to stay in Iran’s market.