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May 1st, 2005:

ExpressIndia.com: Iran says expects to win bid to buy Basell

ExpressIndia.com: Iran says expects to win bid to buy Basell

Reuters

Sunday, May 01, 2005

Tehran, May 1: Iran said it was better-placed to buy polymer joint venture Basell than its Indian rivals and expects to be the final winner in the sale process, the semi-official ISNA news agency reported on Saturday.  

BASF and Shell are set to decide within days on the sale of Basell to Iran’s National Petrochemical Company (NPC) or to a set of Indian investors.

If successful, it would be the biggest commercial investment abroad by Iran since the 1979 Islamic revolution. read more

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