Home / Knowledge / News / Textiles / Turkey, Egypt back Iran's proposal of D8 petrochem forum
Turkey, Egypt back Iran's proposal of D8 petrochem forum
May '13
Mr. Abdolhossein Bayat/FARS
Mr. Abdolhossein Bayat/FARS
Iran’s proposal for forming a joint petrochemical forum by eight developing Muslim nations (D8) has won support from Turkey and Egypt, two leading petrochemical and engineering polymer producers of the Middle East, Iranian Deputy Oil Minister Abdolhossein Bayat has said.
Iran set forth its proposal of forming the first international forum of petrochemical and polymer-producer states, resembling the Organization of Petroleum Exporting Countries (OPEC), during the D8 meeting held in conjunction with the 10th International Petrochemical Industry Conference, Mr. Bayat, who is also the Managing-Director of the National Petrochemical Company (NPC), said.
D8 is a group of eight developing nations with huge Muslim population – Bangladesh, Turkey, Pakistan, Egypt, Iran, Nigeria, Indonesia and Malaysia – that have jointly formed an economic development alliance. 
Accentuating the need for formation of such a joint market, Mr. Bayat said, in association with the D8 nations, NPC intends to make a mark in the global petrochemical industry, and cater to around one billion people through multilateral association, according to a FARS News Agency report.
Over the past few years, Iran has significantly widened the range as well as volume of its petrochemical products, and the country now supplies to over 60 countries, with the Far East, Southeast Asia, Africa and Central Asia being its key export destinations.
Meanwhile, National Petrochemical Company (NPC) has established itself as Middle East’s second biggest manufacturer and exporter of petrochemical products, next to Saudi Arabia.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search