International traders are having close look over the developments gearing up in Iran over nuclear agreement. Nuclear negotiations are in its final stage and are in positive regard. Representatives from trading countries have already set up their center over there. Chinese companies have been strong contender for investment in Iran in petrochemical business.Iran’s total petrochemical production capacity stands at 60 million metric tons per year which the country plans to double.
Three new petrochemical plants are expected to become operational before March 2016 and will increase the production of light and heavy varieties of polyethylene by about 900,000 metric tons.
