VOL. XLIV

No 50

10-December-2001

IRAN

BP Castrol And Fouman Chimie Complete Lubricants BlendingPlant

BP Castrol and Iranian jointventure partner Fouman Chimie Company plan to begin production early this monthat a new lubricants blending plant in Iran痴 Qeshm Free Trade Zone. BP Castrolhas a 51% interest in the venture and Fouman Chimie holds 49%. The plant, builtat a cost of about $10mn, has a production capacity of 15,000 tons/year oflubricants. The output will be marketed in Iran under the...