...

Iran to issue bonds for Golestan Petrochemical Complex

Business Materials 7 July 2011 12:45
Iran to issue bonds for Golestan Petrochemical Complex

Azerbaijan, Baku, July 7 /Trend/

Iran Oil Ministry will issue bonds to boost the construction process of Golestan Petrochemical Complex, IRNA reported, quoting Oil Ministry caretaker Mohammad Aliabadi as saying.

Aliabadi did not determine the exact value of these bonds.

"Currently 20 percent of Golestan Petrochemical Complex is completed while the private sector is committed to constructing a refinery in this complex," he said.

The oil ministry issues bonds for Golestan Petrochemical Complex to accelerate construction, he added.

Golestan Petrochemical Complex is expected to produce one million tons of urea annually, of which 350,000 tons would be exported.

Tags:
Latest

Latest