Middle East Economic Survey

VOL. XLIX

No 50

11-Dec-2006

IRAN

Rejal Brings Irans First Privately-Owned Petrochemical Plant On-Stream

Irans Rejal Petrochemical Company (RJC) officially brought the countrys first privately-owned petrochemical facility on-stream on 2 December, with the inauguration of an 80,000 tons/year capacity polypropylene plant in the Petrochemical Special Economic Zone (Petzone) at Bandar Abbas. RJC Managing Director Ali-Mohammad Rejali said the development had cost $48mn, and...