VOL. XLII

No. 32

9-August-1999

IRAN

Daelim Wins Contract For NPC Petrochemical Project

The National Petrochemical Company (NPC) of Iran has awarded South Korea痴 Daelim a construction and engineering contract worth $190mn for a purified terephthalic acid (PTA) plant to be built at the Bandar Imam Petrochemical Special Economic Zone (Petzone), Daelim announced on 29 July. The Korean company also said that it would receive a tied loan of $88mn for the project from the Export-Import Bank of...