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For Printing And    12.6        Modern Shorouk Printing & Pack   9.41        

Egypt News

Turkey, Egypt Agree To Iran Proposed Petrochemical OPEC


Published 2013-05-19 08:34:55| Amwal Al Ghad English

National Iranian Petrochemical Organization (NIPO) says Turkey and Egypt have agreed with Iran’s proposal to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC). “On the sideline of the petrochemical conference of the D8 group of countries, Turkey and Egypt, as the two biggest producers of petrochemical products and engineering polymers in the Middle East, agreed to Iran’s oil proposals,” NIPO Managing Director Abdolhossein Bayat said Saturday. Bayat noted that Iran would hold talks with several other petroleum producing Islamic countries in the near future to further discuss the establishment of an international petrochemical association. “Currently with the presence of Iran, Turkey and Egypt the core establishment of a petrochemical OPEC has been formed,” he added. The D8 is a group of developing countries with large Muslim populations that have formed an economic development alliance. It consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

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