VOL. XLIII

No. 04

24-January-2000

IRAN

Irans Petrochemicals Expansion Requires Annual Investments Of $1.5Bn Says NPC Chief

The Iranian petrochemical industry requires investments amounting to at least $1.5bn/year to fund a massive expansion of production capacity by the National Petrochemical Company (NPC) of Iran, according to NPCs President Mohammad RezaNematzadeh.

Speaking to the Tehran newspaper Iran Daily on 16 January, Mr Nematzadeh said that NPC currently produces a total of 13mn tons/year...