According to local news agencies, Iran has invited foreign investments to get involved in developing the projects in the country. Starting of projects in Lorestan province I n western Iran can bring huge development in the country. As per Iran’s vice president, ”By completing Lorestan Petrochemical Complex, which has an annual output capacity of 300,000 tons of low and high density polyethylene, more than 100 downstream sectors will be created”. The complex will use 324,000 tons of ethylene gas per year, which is supplied through a cross-country pipeline originated in the gas-rich Assaluyeh region.Around $270 million have been invested in the project by the Iranian Bank of Industry and Mines.
