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  • Written on 08.10.2014 - Industry
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IRAN: NPC boosts pc investments

Iran’s National Petrochemical Co. (NPC) plans to increase its investments in the country’s petrochemical projects in order to accelerate their progress, reported Fars News Agency, quoting NPC Deputy Head Mohammad Hassan Peyvandi.

The company is legally permitted to have a 20 % share in petrochemical investments, but this can increase to 49 % in under developed regions.

NPC is prioritizing funding for projects that are at least 60 % complete, he said. These include the Takht-Jamshid polyvinyl chloride unit, the second phases of the Kavian and Karoun petrochemical plants, the West Ethylene Pipeline and petrochemical projects in the provinces of Lorestan, Kurdistan, Illam, Mahabad and Hamedan.

Source: Weekly "PetroChemical News", Durham, NC, USA; 6 Oct 2014
(Syed Rashid Ali, Karachi, Pakistan)


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