Iran

[Shahab3]

15 Iranian Petrochemical Companies Waiting for Privatization

TEHRAN (FNA)- Senior Iranian petrochemical industry officials announced that shares of the Persian Gulf Holding, comprising 15 petrochemical companies, worth 25,000 billion rials (approximately $2 billion) will be ceded to the private sector this year.
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Arvand Complex Produces Medicine Grade PVC
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But by coming on stream Arvand Petrochemical Complex, production of different grades of PVC soared 340 thousand tons per year therefore it is predicted the country to start exports of PVC and to assume 25 to 30 percent of the world market share.
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Arvand Petrochemical Complex with yearly production capacity of 2.834 million tons of petrochemical products feeds other downstream sectors, including detergents, paper, textiles, healthcare, solvents, resins and waxes.

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Iran, India Agree to Increase Trade Exchanges to $25bln

TEHRAN (FNA)- Iranian and Indian economic officials agreed to increase the two countries' ties in different fields during a week-long visit to India by a big Iranian trade delegation.

During the talks, the two sides agreed to increase their trade balance to $25 billion and to boost the level of non-oil trade from the current $4 billion to $10 billion. The current trade balance between Tehran and New Delhi stands at $14 billion.

As regards results of the six-day visit to Mumbai and New Delhi by the Iranian delegation, Secretary-General of Tehran's Chamber of Commerce Mohammad Mehdi Rasekh said that an agreement was also signed according to which Iran can import some industrial items in the oil and gas sector from India.

Rasekh added that energy was one of the most important issues discussed by the two sides. The Iranian side said that New Delhi has maintained its independence by refusing to surrender to Western pressures to cut ties with Tehran.
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