The consortium of Chinese and Philippine investors agreed to invest up to $7 billion in a petrochemical project in Iran and is ready to implement it as soon as possible, Mehr News reports. CIO at National Petrochemical, Hossein Alimorad, told reporters that the site for the construction of the complex had already been determined. He said: “The Chinese company plans to build a complete production chain for the production of methanol”. Within the first stage of the construction of a petrochemical complex, the total cost of which is $7 billion, $2 billion 800 million will be allocated.
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