High Feedstock Prices Making Petrochem Companies Bankrupt 

The sale of natural gas as feedstock to petrochemical companies at exorbitant prices has pushed most of them over the edge, the secretary-general of the Association of Petrochemical Employers Unions said.
“Costly feedstock prices have encouraged investors to stop their business in Iran and instead fund petrochem projects in Qatar where feedstock tariffs are half as much as those of Iran,” ILNA also quoted Ahmad Mahdavi-Abhari as saying.
Iranian petrochem plants have to buy natural gas for 20 cents per cubic meters, which increases day by day, whereas the same volume of gas in Qatar costs less than 10 cents that will not change for at least 25 years, he rued.