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Iran and Venezuela Start Building Methanol Plant

12:00 PM MDT | August 29, 2011 | —natasha alperowicz

Bayat: Ongoing talks with Venezuela and Indonesia. Oladi: Developing a major petchem hub at Chabahar. Iran and Venezuela have started work on a previously announced methanol project at Assaluyeh, Iran, says Abdolhossein Bayat, Iran’s deputy oil minister and managing director of National Iranian Petrochemical Co. (NIPC; Tehran). NIPC and Pequiven (Caracas) agreed earlier to build two methanol plants, each designed to produce 5,000 m.t./day. One is being built at Assaluyeh and the other will be constructed at Jose, Venezuela. Bayat commented on August 20 that...

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