12 June 2007 04:43 [Source: ICIS news]
By Nurul Darni
KUALA LUMPUR (ICIS news)--Iran is still keen on forming a joint venture with India to run an olefins project, a senior Iranian company official said late on Monday.
"We have plans for some years now to do a petrochemicals joint venture with ?xml:namespace>
He didn't give a timeframe as to when talks over such a joint venture will be completed, but said "discussions have been underway."
Indian Oil Corp (IOC) was said to be the likely joint venture candidate, by acquiring a stake in an existing facility. IOC has plans to expand its presence in the petrochemicals business through building large ethylene capacities.
Among some of its projects are a 120,000 tonne/year linear alkylbenzene (LAB) plant in
Meanwhile, talks between
The plan provides for 60 million cubic metres of gas to be exported daily to
"The delivery point would be at the Iran-Pakistan border," he said. "As soon as they finish this contract, we can have everything done."
Huge reserves of natural gas put
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