Feasibility Studies on Track for Fanavaran Petrochem Co.

Feasibility studies to produce olefin in Fanavaran Petrochemical Company in Khuzestan Province are underway as planned, the CEO of Tamin Oil, Gas and Petrochemical Investment Company (Tapico) said.
Denying recent reports that the plan was scraped due to financial disagreements with the National Petrochemical Company over costs, Mahmoud Makhdoumi said “the problem has been resolved” and feasibility studies are underway.
Local media reports said talks about the new venture had come to a halt due to the currency crisis over the last several months and its impact on the overall plan to build the plant.