Middle East Economic Survey

VOL. XLIX

No 18

1-May-2006

IRAN

NPC Cancels 11th Olefins Contract And Plans Revised Development By Iranian Firms

Irans National Petrochemical Company (NPC) has cancelled the 11th Olefins cracker contract, awarded to a consortium led by Germanys Linde, and plans to develop the project with an expanded capacity using Iranian companies. The 960mn contract was awarded to Linde, Irans Sazeh and Hyundai of South Korea, and called for the construction of a twin-train ethylene...