Iran, Indonesia sign MoU on petchem co-op

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

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

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.