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India planning investments in Iran’s petchem industry

by ChemOrbis Editorial Team -
  • 28/09/2015 (10:39)
According to media reports, India is planning to invest more than $15 billion in Iran’s petrochemical industry. As part of their investment plans, India will build a petrochemical refinery and a urea plant as well as contribute to the development of the Chabahar Port in exchange for lower gas prices from Iran.

India’s Shipping Minister Nitin Gadkari reportedly said that Iran’s gas pricing policy is very important for them and if Iran offers them a reasonable gas price, lndia is ready to invest more than INR1 trillion ($15.1 billion) in a planned special economic zone.
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