VOL. XXXVII

NO. 9

29-NOVEMBER-1993

IRAN

Arak Petrochemical Complex Nears Start-Up

Phase 1 of the Arak petrochemical complex will come on stream in the verynear future, according to a report by the Iranian news agency IRNA on 22November. The construction of the Arak complex, Iran's tenth petrochemicalfacility, has involved 27 foreign contractors plus 350 Iranian companies, thereport said. It also put the cost of the complex at $1.94bn in foreign exchange,plus IR440bn in local funds.

The complex is...