IOC seeking to build US$3 bln petrochemicals plant in Iran

31-Aug-15
Indian Oil Corp. is seeking to build a US$3 bln petrochemicals plant in Iran, according to people with direct knowledge of the matter, as per Bloomberg. The plan hinges on assurances from Iran that the 1 mln tpa project will have access to cheap natural gas as feedstock. A company spokesman did not respond.
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