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Iran Plans 70 Projects at Mahshahr PETZONE

Source: www.gulfoilandgas.com 5/13/2017, Location: Asia

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Iran is planning to absorb finances for construction of 70 petrochemical projects at Mahshahr Special Economic Petrochemical Zone (PETZONE) in the southwestern province of Khuzestan, PETZONE’s managing director said.

Speaking on the sidelines of the Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), Omid Shahidi Nia said Mahshahr Petrochemical Zone is prepared to endorse investors of the projects in the area, saying 70 projects have been pitched for investment in the region.

“There are massive potentialities in the region and we are optimistic we will be able to absorb the required finances for developing projects in the PETZONE,” he said.

Feasibility and technical assessments of the projects are almost complete and several proposals for developing the projects have so far been submitted to the PETZONE, he added.

Shahidi Nia also said that they have held good talks with potential investors in this regard.

Mahshahr is the second petrochemical hub in Iran and supplies a little less than half (44$) of the country’s annual petrochemical output.

The showcase opened on May 06 and ran until May 09 at Tehran’s permanent fairground.

Over 4,000 companies from Iran and 37 countries of the world put their latest industrial achievements on display at the exhibit.

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