Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

IRAN

NPC And Petkim Sign MOU For Polyethylene/Methanol Joint Venture

Irans National Petrochemical Company (NPC) and Turkish petrochemicals firm Petkim signed a memorandum of understanding (MOU) on 20 April for a 50:50 joint venture to build a complex in Iran. The proposed plant will have capacity to produce 300,000 tons/year of polyethylene and 1.65mn t/y of methanol. Iran and Turkey have already signed a number of MOUs for cooperation in gas...