Iran Plans to Boost Petrochemical Production

TEHRAN (FNA) – An amount of 100mln dollars has been allocated for the development of Bandar Imam petrochemical infrastructures this year (Iranian year started 20 March 2008), an official said.

The managing director of Bandar Imam Petrochemical Company (BIPC) said that the credit has been considered for the development of the infrastructures and creating suitable grounds for attracting investors through five projects.

Nezhadsalimi said that these projects include infrastructure, facilities and installations for clarifiers and reverse osmosis, the sixth and seventh boilers, generator turbine, the fifth and sixth compressors, and the fourth cold box.

He added that the completion of the said projects will take two years.