Negotiation for two new projects

With present political situation in Iran and abroad, and the attractiveness of the Iranian market and the strong potential of the activities in both hardware and software fields, lots of big foreign companies are carefully watching the local market. One of these companies is HEC (Hyundai Engineering Company) which beside the two older contracts -KPRC phase 2 ,Expansion of phase 12 South Pars Gas Field project and 500 MW CCPP, Zanjan4 – they have started negotiation with two other private companies about two GTO (Gas to Olefin) plants. One of them has been reached to HOA stage to construct this unit with approximate capacity of 1,000KTA.