Investments in petrochemical industries to be guaranteed

Abdolhossein Bayat who is a deputy for the oil minister said an organization affiliated to the Ministry of Economic Affairs and Finance will guarantee the original amount of the investments as well as its profit. The Iran Oil Show 2011, the official who also heads the National Company of Iran’s Petrochemical Industries said his organization will support investing companies by providing them counseling services in technical and training areas. He noted most the companies already active in Iran’s petrochemical industries have renewed their bid for cooperation given the profits they have gained so far. Encouraging the private sector to become active in this area, Bayat also noted that the Razi Petrochemical Complex was fully run by Turkish companies while other foreign investors had a share of up to fifty percent in some other petrochemical companies. From : Islamic Republic News Agency