Sweden and Germany have made some 400 million dollar investment o Iran`s Karoon Petrochemical Complex, Iranian oil minister said.

Referring to the recently inaugurated Karoon Petrochemical Complex, Gholam Hossein Nozari regarded the project as a symbol of international cooperation in Iran`s petrochemical industry.

He said two German and Swedish companies along with their Iranian counterparts participated in this project and invested totally $400 millions.

Nozari predicted that the output of first phase of Karoon petrochemical project to reach around $90 millions, adding that "the project is different from other projects based on additional value because the complex` products are among the most expensive ones"

Reference:

Moj News