Egyptians, Persians and Ottomans Form Business Coalition

Turkey, Egypt agree to Iran’s proposal on OPEC-style petrochemical body

Three central countries of three ancient empires that formerly controlled large portions of the middle east are forming an oil trading alliance.  The Ottomans, the Egyptians and the Persians don't agree on a lot of things these days, but they have seen beyond their differences enough to form an association based on the manufacture, sale and export of petrochemicals.

http://en.wikipedia.org/wiki/Persian_Empire

Turkey and Egypt have agreed with Iran's proposal to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC).

"On the sidelines of the petrochemical conference of the D8 group of countries, Turkey and Egypt, as the two biggest producers of petrochemical products and engineering polymers in the Middle East, agreed to Iran's oil proposals," National Iranian Petrochemical Organization (NIPO) Managing Director Abdolhossein Bayat said, Press TV reported.

Negotiations will start with several other petroleum producing Islamic countries in the near future to discuss mechanism for establishing an international petrochemical association as well as preparing a charter for it, he noted.

"Currently with the presence of Iran, Turkey and Egypt the core of a petrochemical OPEC has been formed," he added.

Qatar and Saudi Arabia can participate in the negotiations as well, Bayat said.

http://www.azernews.az/oil_and_gas/54076.html