VOL. XLVII

No 16

19-April-2004

IRAN

Irans NPC Allocates $12Bn For Investment In Petrochemicals Projects During 2005-10

Irans National Petrochemical Company (NPC) has allocated a budget of $12bn for investment in petrochemicals projects during 2005-10, under the fourth phase of the Iranian five-year economic development plan. The IRNA news agency on 13 April quoted NPC Managing Director Mohammad Nematzadeh as saying that the new investment in petrochemicals production capacity would need to be...