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Iran's NPC plans to issue USD490m petchem bonds  Join our daily free Newsletter

MENAFN - 23/09/2012

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(MENAFN) National Petrochemical Company (NPC) of Iran's managing director, Abdolhossein Bayat, announced that the firm plans to issue bonds worth USD490 million in autumn to fund petrochemical projects, reported Tehran Times.

On the other hand, he said that during the past 2 years, the company has been looking for new export targets; furthermore, the firm plans to increase its exports of polymer products.

Bayat said in April that during the past calendar year, which ended in March, Tehran's exports of petrochemical products reached USD14 billion.

It is worth noting that Iran plans to use USD10.5 billion of its oil income to develop the country's petrochemical industry.

 






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