IRAN: Tehran reduces cost of gas feedstock to encourage foreign investments
Iran has cut the cost of gas feedstock for petrochemical production to 8 cents from 13 cents per cubic meter to attract more foreign investment in its petrochemical industry, according to the Tasnim News Agency.
The country hopes to attract investments of USD 70-billion in petrochemical projects over the next 10 years, with the aim of tripling production capacity, which currently stands at 60-million t/y.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 25 Jan 2016
(Syed Rashid Ali, Karachi, Pakistan)
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