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News number: 9107169574

12:30 | 2013-05-13

Economy

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Int'l Petrochemical Industry Conference Opens in Tehran

TEHRAN (FNA)- The Iranian capital city of Tehran is hosting an international conference on the petrochemical industry.



The 10th International Petrochemical Industry Conference opened here on Monday. A total of 36 foreign and 210 Iranian companies are taking part in the two-day event.

The main topics of the conference include petrochemical parks, investment opportunities, advanced petrochemical technologies, the development trends of petrochemical industry in Iran and Asia and the role of privatization in petrochemical industry.

Meantime, the petrochemical conference of Developing Eight (D-8) countries is also slated to open later today concurrent with the 10th International Petrochemical Industry Conference.

The D-8 countries are slated to review cooperation in the field of petrochemical industry and discuss ways for launching a D-8 petrochemical market.

The ministers of the D8 elected Iran's representative as the new secretary general of the grouping in their meeting in the Pakistani capital, Islamabad, in November, 2012.

The Developing-8 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.

The D-8 was founded by Necmettin Erbakan, former Turkish Prime Minister. The group was established after an announcement in Istanbul, Turkey on June 15, 1997. Membership is open to countries other than the current member-states, though no expansion is currently planned.

The D-8 summit is held annually with the aim of exchanging views among the member states.