Iran?s firm, Pertamina sign MoU on petchem cooperation

Iran's Petrochemical Commercial Company (PCC) and Indonesia?s stat owned firm PT Pertamina (Persero) has inked a MoU on petrochemical cooperation, Iran?s news agency Irna said on Tuesday.

According to Iran?s Ministry of Petroleum, PCC officials met with Pertamina?s executives in Tehran earlier this month to ink the cooperation deal and discuss petrochemical collaboration.

During the meeting, the Indonesian side expressed readiness to purchase liquefied petroleum gas (LPG), polymers, gas condensates and bitumen from PCC..

PCC also expressed its readiness to buy Pertamina's aromatics.

An executive team consisting of representatives from both sides will be introduced for planning development of commercial activities between the two firms and to implement the agreements. (*)