Iran pressing fiscal incentives, assurances to attract investors to its petrochemical sector

With the goal of reducing national dependence on oil revenues, Iran has created fiscal and operational incentives aimed at drawing foreign capital into its petrochemical industry. Click here to enlarge imageIran's petrochemical industry was established in 1963 with the start-up of the Shiraz Fertilizer Co. plant at Shiraz. A few years later, the plant was placed under the umbrella of Iran's National Petrochemical Co., at which time it began operating under the name Shiraz Petrochemical Co. The plant was expanded in 1971 and again in 1986. Shown here is the modern Shiraz complex, with capacity to produce 1.835 million tons/year of basic chemicals and fertilizers, including 540,000 tons/ye...

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