WORLD: Iran proposes setting up petrochemicals exporting forum

Managing director of National Petrochemical Company (NPC), Abdolhosain Bayat, made the remarks adding setting up a petrochemicals exporting forum similar to OPEC (Organization of Petroleum Exporting Countries) and GECF (Gas Exporting Countries Forum) will provide data on petrochemicals' demand and supply in a world scale as well as will enable the exporting countries for planning and pricing in order to control consumption markets.

He continued Iran as a leading producer of petrochemicals in the Middle East was ready to pave the way for formation of a petrochemicals exporting forum through cooperation and understanding with other big producers of petrochemical products in the region and across the globe.

Source: Pars Oil & Gas Co. website; 11 Feb 2013

(Syed Rashid Ali, Karachi, Pakistan)