TEHRAN -- Investment to the tune of $6.6 billion will be made in Iran's petrochemical industry in the Fourth Five-Year Economic Development Plan (2005-2010), said IRNA.

Announcing this, Planning advisor to the Head of National Petrochemical Company (NPC) Nafisi said technical, economic and executive studies are underway on 10 petrochemical projects in the fourth plan and once the projects are operational 11,650,000 tons would be added to national petrochemical output.

Public Relations Department of the Fifth International Petrochemical Forum (IPF 2003) quoted Nafisi as saying that the projects include olefin 8, olefin 11, Bandar Imam PVC Plant, third ammonia plant at Razi Petrochemical Complex, Ilam Olefin Plant, Kharg Olefin Plant, Kharg Methanol Plant, Kharg Amonia Plant, and PTA/PET-3.