IRAN: Sasol reaches agreement for disposal of 50% stake in Arya Sasol Polymers

Arya Sasol Polymers, an equally-owned venture with National Petrochemical Co. of Iran's Pars Petrochemical
subsidiary, operates a 1-million-t/y ethane cracker, a 300,000-t/y low-density polyethylene plant and a 300,000-t/y high-density polyethylene plant in Iran's Pars Special Economic Energy Zone.

"We continue to make good progress, albeit slower than we initially anticipated, on our disposal of Arya Sasol Polymers,” Ramon noted, adding that as of 7 June 2013 "we are finalizing closing activities.”

Source: Weekly "PetroChemical News", Durham, NC, USA; 17 June 2013
(Syed Rashid Ali, Karachi, Pakistan)