(MENAFN) Gubre Fabrikalari (Gubretas), a Turkish-based fertilizer maker, plans to invest in Iran's petrochemical businesses after the ease in international sanctions against Tehran, according to Iran Daily.
Gubretas general manager said the company has purchased Iran's Razi Petrochemical Company for USD650 million.
Osman Balta added: "Easing of sanctions may bring new investments into our agenda. We"ve already received offers in Iran due to Razi"s success. We may make a new petrochemical investment there."
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