Azerbaijan, Baku, Dec. 13/ Trend F.Milad/
A 17-percent block of shares of Iran's Morvarid Petrochemical Company was sold on the over-the-counter (OTC) market at 1.1 trillion rials (some $110 million).
Each share was priced at 4,314 rials, the Fars news agency reported.
`Built in phase 2 of the Assaluyeh gas project, the Morvarid Petrochemical Complex has the capacity to produce 500,000 tons of ethylene.