IRAN

Techinpetrol/Kinetics Win Contract for Iranian Ethylene Plant 

Technipetrol SpA of Italy and Kinetics Technology International of Holland have won a $20mn contract to supply services for preliminary engineering and planning for a project to build a 240,000 ton/year ethylene plant at Arak, southwest of Tehran. The plant will be able to meet part of Iran's needs for plastics, synthetic rubber and other chemicals, and Iran is to have full control over construction and...