Middle East Economic Survey

VOL. L

No 28

9-July-2007

IRAN

NPC And Pequiven To Build JV Methanol Plants, 4th Aromatics Complex Inaugurated

Irans President Mahmoud Ahmadinejad and Venezuelas President Hugo Chavez agreed on a methanol production joint venture and also inaugurated Irans 4th Aromatics complex, during a visit by the Venezuelan leader to Iran last week. The two presidents announced on 2 July that Iran and Venezuela would make a $1.4bn joint investment in the construction of two methanol...