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China to finance 5 petchem projects in Iran

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/01/2017 (15:39)
According to media reports, five Iranian petrochemical projects being carried out in Mahshar, Asaluyeh and other regions in Iran will be financed by China.

National Petrochemical Company reportedly said the country’s petrochemical industry has a big share on the country’s GDP and non-oil exports but still needs foreign support as the domestic investors avoid making investments in the sector due to high risks within the country.

Currently, there are 50 petrochemical complexes in Mahshar, Asaluyeh and other regions of Iran and they have a combined capacity of 61.5 million tons/year.
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