Shell has been lined up to study Iranian petchems projects, and Japan’s Sojitz a propylene plant. The deals coincide with an EOR MoU with Russia’s Tatneft.

Iran’s National Petrochemical Company (NPC) has signed preliminary agreements with Anglo-Dutch firm Shell and Japan’s Sojitz for petrochemicals projects studies. This brings to six the number of deals the state firm has secured since the lifting of international sanctions in January (see table).

NPC and Shell...