Germany’s ADKL inks €2 bln contract with Iran’s Masjed Soleyman Petrochemical Industries Company

30-May-16
Germany’s Abels Decker Kuhfuß Lenzen (ADKL) signed a €2 bln contract with Iran’s Masjed Soleyman Petrochemical Industries Company (MIS) on the implementation of a petrochemical project in Iran. According to the Shana news agency, this contract, which could be expanded up to €10 billion, was signed by Yousef Davoodi, the managing director of MIS, and Bernd Lenzen from ADKL, in Tehran. Based on the contract, ADKL will cooperate with MIS in providing the funds, transferring the technology and implementing contracts for the project within the framework of engineering, procurement, construction and finance (EPCF).
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