- Shahrokh Zamani and Khaled Hardani are on hunger strike
- Another civilian is sentenced to death in Khomeini Shahr
- Five Years of Imprisonment for Baha'i Leaders
- Kurdish Death Row Prisoner Transferred, His Lawyer Arrested
- Two Prisoners Executed For Espionage in Tehran
- Imprisoned Dervish Transferred to Hospital after Heart Attack
- U.S. Congress moves to tighten sanctions on Iran
- Iran pushes ahead with new nuclear plant that worries West
- Iran acts to expand sensitive nuclear capacity: diplomats
- CIA head visits Israel to discuss Syria, Iran's nuclear program
- US targets Iran rial, gold imports in sanctions pressure
- Israel air strike on Syria 'is a message to Iran and the US'
- Religious leaders ban 30 women from running for Iran's presidency
- Iranian cleric: Women can't be president in Iran
- Iranians marrying foreigners without state consent face prosecution
- More women smuggling drugs out of Iran
- Canada’s High Court could try Iran for Zahra Kazemi murder
- "Hole"/ Saba Vasefi
- Bahrain claims Iranian drone found
- UK: Iran, Hezbollah increasing support for Assad
- When it comes to Syria and Hezbollah, Israel is walking a tightrope
- IRGC: World now eying Iranian regime's resistance
- Two Iranians in Kenya found guilty of bomb plots
- Iran develops rocket-launcher submarine, smart ships
Sunday 29 April 2012
Bloomberg -- Iran’s National Petrochemical Co. plans to borrow from local banks some of the $50 billion it needs to develop 60 projects by the end of 2015, the Oil Ministry’s news website Shana reported.
The state-run company seeks to broaden its output to 85 products from the current 25 and wants to build production hubs in the northeastern city of Sarakhs, the port of Chabahar, and the Persian Gulf islands of Lavan, Qeshm and Kish, Managing Director Abdolhossein Bayat said in the report today.
Iran is trying to expand petrochemicals-making capacity to 51 million metric tons a year in 2015. State media last year said output was about 4 million tons. Iran, the second-largest oil producer in the Organization of Petroleum Exporting Countries, faces economic sanctions over its nuclear program.