VOL. XXXIII

NO. 19

12-FEBRUARY-1990

Iran

Iran to Spend $5.8bn on Petrochemicals in Next Five Years

Iran is to spend IR400bn ($5.8bn) on petrochemical projects over the nextfive years, of which more than $2bn will come from foreign investment, accordingto Mr. Ahmad Rahgozar, the Deputy Oil Minister and head of the NationalPetrochemical Company (NPC). Mr. Rahgozar said on Radio Tehran on 6 Februarythat the money would be spent on upgrading existing facilities and building fournew petrochemical...