VOL. XXXVII

NO. 19

7-FEBRUARY-1994

Iran

Arak Petrochemical Complex Inaugurated

Iranian President Ali Akbar Hashemi Rafsanjani and Oil Minister GholamrezaAghazadeh attended the official inauguration ceremony on 2 February of the ArakPetrochemical Complex, located on a 215 hectare site in the central province ofMarkazi. The complex, with an estimated cost of $860mn, is part of a program toboost Iranian petrochemical production and reduce Iran's $2bn/year import billfor petrochemicals. The Arak...