NO. 5



Iran Plans Petrochemical Joint Venture with Kobe Steel

Iran and Japan have agreed in principle to form a joint venture for thecreation of a petrochemical complex on Iran's Qeshm island, the location of aplanned free zone and industrial city near the port of Bandar Abbas. Initialplans call for the complex to produce between 2,000 to 2,450 tons/day ofmethanol and 1,800 t/d of ammonia. About 1,200 t/d of ammonia would be convertedto urea, producing about 2,000...