Friday, December 30, 2011

Lavan Island to become Iran’s third major petrochemical hub

Lavan Island in south Iran seems poised to become the country's third major petrochemical hub upon conclusion of contract for the development of the giant Lavan gas field within the next 54 months. Naational Iranian Offshore Oil Company (NIOOC) has inked a US$6 bln deal with a domestic corporation, Sepehr Energy, to develop the Lavan gas field and build a petrochemical complex in the island as well.

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