PSEZ “Best Choice” for Petchem Investment

Iranian Minister of Petroleum Bijan Zangeneh says the Parsian Special Economic Zone (PSEZ) is the best place for petrochemical investment.

Addressing a meeting of senior petroleum ministry officials held to discuss investment opportunities in the zone Sunday, the official voiced Iranian Ministry of Petroleum’s keenness to invest and support investments in the region.

He expressed satisfaction over the measures taken for developing the zone, saying the region is the best choice for developing petrochemical facilities and investment.

The official said the ministry would supply feedstock for plants operating in the zone, and added that development of petrochemical plants is one of the key issues on the Rouhani Administration’s agenda.

Also attending the meeting was Managing Director of National Petrochemical Company (NPC) Marziyeh Shahdaei.

She said Parsian Special Economic Zone is an exemplary region for developing petrochemical plants.

She said many European and international chemical and energy majors have signaled their readiness to finance projects in the region or join them by bringing state-of-the-art technologies to the projects.

Covering 10,000 hectares of land in Parsian County, southern province of Hormuzgan, the zone is being operated by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

(Source: Shana)

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