Iran said on Friday that China has started the proceedings to provide funds as much as 16 billion for the development of Iran's petrochemical projects. Amir Hassan Fallah, the director for investment affairs of Iran's National Petrochemical Company (NPC), has been quoted by the media as saying that the red-tape should be largely blamed for the delay ...

TEHRAN, Dec. 21 (Shana) Director of investment in Irans National Petrochemical Company (NPC)said the National Development Fund has allocated the sum of 6 billion dollars for petrochemical and refinery projects. Financing of projects from the fund will be expedited after SWIFT is back, Amir Hassan Fallah told Shana. He said Japanese, South Korean,...