eo, “BANDAR SHAHPOUR, _ Tran (Healer). — Iran, rich ‘ in oil and gas, is investing heavily to ecOmie a major prouser and” competitlye orter of petrochemicals. y the end of the current Bvevear develo ent plan _in- March, e country will have ‘invested ‘$labilliong in the petrochemical industry, ‘says Bagher -Mostofi, the manager of the National Petrochemical Co. With ‘the private sector also “investing in related projects ot ootlin may be Pow ainount now receiv from i] sales—by the turn | of the century, he said.” Already: six plants, built ‘since. 1963, produce 7‘ LSmillien of various ; ‘petrochemical, produets The scheduled fer the middle of 1979, wi? mee than double the annual - -Output.-Costing $1.83billion it is the biggest of its kind east of the Suez canal, It is being built by Iran- Japan Petrochemical Co, on ‘the mud flats of this city on the northern coast of the Persian Gulf. - “We plan to build 27 more - petrochemical plants, large and small, by 1988 at'a cost of $10billion, ” Mostofi said. “We hope to ‘develop ‘the ' Jranian chemical ‘indus into a reliable and economic : - BENEATH HE a MILE REEF : . (59) Stars Terry Moore, Rebart “Wagner, Gilbert’ Roland.. Murderous competition for rich: but dangerous . sponge beds between. divers of Tarpon Springs: and: the: English : *Conchs’. of: Key West. OPERATION AMSTERDAM (60) Peter Finch, Eva Bartok, Tony Britton, Alexander Knox. British send a ralding party into Amsterdam fo. persuade the ‘dlemond. merchants to ‘give their stones: to. them for safekeeping betore the Ger- mans can get them. - THE FAMILY WAY | (67) Hayley Mills and Hywel - Bannett portray a newly married couple In Lancashire, - England and John Mills plays the cranky and sometimes cruel ‘father af the groom who is: responsible for the unforseen problem ‘that arises on the. young couple's wedding night. “dohn -Camer,: Wilfred Pickles s and Murray Head are featured, . RAW: WIND 1N EDEN | (58). Stars. Esther Williams, deft. Chandler.- Off beat romance and adventure as a let set couple on: way to foin a . iuxury yachting party are thrown off course and crash on ‘a small istand occupied by a _ peasant, bis beautiful gran- '. daughter and mysterious. _ American... thet ition a year— pla Ge “tran. in invests cash in: petrochemicals ~ source of supply to the world,” But there will be te competition as other oil- lucing countries develop ir industries and begin to seek foreign markets, Traq, Iran and Kuwait began setting up petrochemical More than a decade ago. Qatar and Saudi Arabia are about to embark on similar schem Saudi Arabia, which holds the worldim. biggest oil reserves, ted to be For . Iran, the petrochemical industry is i an “absolute necessity,” Mostofi said, pointing to the day when Iran's oll and gas reserves will run out. Shah Mohammed Reza . Rablavihas ordered that the |. *s abundant | ecuntr hydrocarbons be used more for industrialization; a main pillar of the “great civ- ilization” he envisages for - Iran. “Burning oil and s for heating: or electrici sin,’ the shah said, “They should be used in trochemicals so that of ) things can made out of them He,said more than 70,000 derivatives can be obtained _ from oil and gas. might be a | While this try distant target for Iran, the existing plants are industries nning’ to: spmmd $20billion . ed in the next several years. producing A few of these are cate which -ineludes fer ilizers,_ is. consumed locally... (oe a’ number of: . petrochemical derivatives. | but most of the . THE TOWNSMAN, Thursday, August 4, 1977, PAGE 5 WRG Hidden somewhere in.the ads in the entertainment section are two-Terrace phone numbers. Bn them, and if one is yours you've won. Ce . _ Bring all problems to: your cleaning ONE HOUR eee THE UTMOST IN ORY CLEANING 3223 Emerson GSS | Tlicum Twin Veatres 4720 Lakite