Iran inks preliminary agreements with companies in Russia, Turkey, South Africa, India and Oman

Iran has inked preliminary agreements with companies from Russia, Turkey, South Africa, India and Oman to finance domestic petrochemical projects. The country requires US$3.3 bln to build new petrochemical units and complete semi-finished projects by the yearend (March 2010). The projects will comprise of capacities to produce urea, ammonia, polyethylene, olefin, and methanol production units.
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