Oil min.:

PSEEZ best venue for petrochemical investment

News ID: 4026551 -
TEHRAN, Jul. 10 (MNA) – Bijan Zanganeh said Iran’s Oil Ministry was eager to make and support investment in Pars Special Economic Energy Zone (PSEEZ).

Addressing a session on investigating venues for development of PSEEZ located in Hormozgan Province in the south of Iran, petroleum minister of Iran said his Ministry would back investment in the special economic zone.

Zanganeh, while voicing satisfaction towards earlier measures taken in the zone, asserted “certain barriers have been removed and positive development have recently taken place in PSEEZ.”

He described the zone as the best spot for expansion and development of petrochemical industries noting that the Oil Ministry was supplying gas to the region in a bid to support petrochemical activities.

Ministry of Oil, National Petrochemical Company (NPC) and Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will continue collaboration for expansion of Pars Special Economic Energy Zone (PSEEZ), he continued.

Also at the meeting, Mehdi Karbasian, Managing Director of IMIDRO, said Parsian Port will come on stream within a month with four harbors though the number will ultimately reach 19.

He emphasized that measures had been taken for the project to comply with highest environmental standards. The official further recounted on methods for attracting domestic and foreign investors calling for more support on the part of the Iranian Ministry of Oil given that several petrochemical, steel and aluminum investors are eager to make presence in the zone.

NPC Head Marzieh Shah-Daei was the other speaker at the meeting who pointed to willingness of European and International applicants to make investment in PSEEZ; “within an MoU with IMIDRO, a roadmap has been defined for cooperation between the two bodies.”

Covering 10,000 hectares in west of Hormozgan Province, Pars Special Economic Energy Zone (PSEEZ) was established in ‎‏1998‏‎ with the aim to utilize South ‎Pars oil and gas resources and to encourage commercial activities in oil, gas and ‎petrochemical industries.

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