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Iran to invest $14 billion in Mahshahr Petrochemical Special Zone

Business Materials 4 July 2011 14:39

Azerbaijan, Baku, July 4/Trend/

Iran plans to invest $14 billion in Mahshahr Petrochemical Special Zone during the Fifth Development Plan (2010-2015), SHANA reported quoting Managing Director of the National Petrochemical Company Abdolhossein Bayat as saying.

"Mahshahr Petrochemical special zone has 25 million tons of production capacity which would be installed by investing $9 billion in 18 petrochemical complexes," he said.

Increase of investments and participation of private sector in the near future improves the country's petrochemical industry.

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