Tehran Welcomes Mitsui Back to Iran 6/7/2016 2:58:47 PM

TEHRAN (NIPNA) -- Deputy Petroleum Minister for International Affairs Amir Hossein Zamani Nia voiced optimism about the return of Japan's Mitsui to invest in Iran's upstream, downstream and petrochemical projects.

Speaking in a meeting with Atsushi Kume, senior executive managing officer for Europe, the Middle East and Africa at Mitsui Company, Zamani Nia underlined the significance of the Japanese energy giant's return to Iran in the post-sanctions setting. The official underscored the history of Mitsui presence in Iranian projects as brilliant, saying, "Iran's petrochemical industry will need 80 billion dollars in investments in the next decade."

During the meeting, Kume for his part lauded the key role of Iran in the region, noting that cooperation with Islamic Republic is important for Mitsui.

Mitsui Group is one of the largest keiretsu in Japan and one of the largest corporate groups in the w orld.

The major companies of the group include Mitsui & Co. (general trading company), Sumitomo Mitsui Banking Corporation, Sapporo Breweries, Toray Industries, Mitsui Chemicals, Isetan Mitsukoshi Holdings, Sumitomo Mitsui Trust Holdings, Mitsui Engineering & Shipbuilding, Mitsui O.S.K. Lines and Mitsui Fudosan.

Mitsui's main business in the early period were drapery, finance and trade, the first two being the businesses it inherited from the Tokugawa Era.

Companies currently associated with the Mitsui keiretsu include Mitsui & Co., Sumitomo Mitsui Trust Holdings, Japan Steel Works, Mitsui Chemicals, Mitsui Construction Co., Mitsui Engineering & Shipbuilding, Mitsui Fudosan, Mitsui-gold, Mitsui Mining & Smelting Co., Ltd., Mitsui Oil Exploration Co. (MOECO), Mitsui O.S.K. Lines, Mitsui Petrochemical Industries Ltd, Mitsui-Soko, Mitsui Sumitomo Insurance Group, Oji Paper Company, Pacific Coast Recycling, Sumitomo Mitsui Banking Corporation, Taiheiyo Cement, Toray Industries, Toshiba Corporation, Tri-net Logistics Management, Mitsui Commodity Risk Management.