16-08-08 Joint foreign investment in the National Petrochemical Company of Iran (NPC) in the past three years reached a record $ 4.5 bn, Deputy Oil Minister Gholam-Hossein Nejabat said.
"Iranian participation contracts are based on 50-50 deals," he said, adding some 50 % of shares belonged to NPC and the remaining 50 % were owned by a number of foreign companies.

Nejabat also referred to the annul production of 300,000 tons of heavy polyethylene in a joint Iran-Philippines petrochemical unit in the Philippines.
"Other foreign companies are from Indonesia, Oman, Singapore, India, Venezuela and the United Arab Emirates," Nejabat concluded.