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.