PSEEZ chief: Par­sian zone, ex­cep­tional op­por­tu­nity for petchem in­vestors

Iran Daily - - Domestic Economy -

By Farzam Vanaki

Par­sian Spe­cial Eco­nomic En­ergy Zone (PSEEZ) in Iran is unique in the world in term of its fa­cil­i­ties and po­ten­tials for es­tab­lish­ing petro­chem­i­cal in­dus­tries as Iran is among the few coun­tries that have abun­dant oil and gas re­serves and ac­cess to in­ter­na­tional mar­kets through the Per­sian Gulf and the Sea of Oman.

Speak­ing to Iran Daily on the side­lines of the 23rd Press Ex­hi­bi­tion cur­rently un­der­way in Tehran, PSEEZ’S Manag­ing Direc­tor Has­san Shahrokhi fur­ther said that the zone is lo­cated in an area of 10,000 hectares, which makes it big­ger than Kish Free Zone in the Per­sian Gulf, and has a coast­line of 14 kilo­me­ters.

It is lo­cated in the vicin­ity of Asa­louyeh (40 kilo­me­ters) in the south­ern Ira­nian province of Bushehr and less than 150 kilo­me­ters from South Pars Gas Field in the same province, he said.

Shahrokhi noted that the zone has re­ceived a per­mit from Iran’s Oil Min­istry and those in­vest­ing in its petro­chem­i­cal projects can be as­sured of re­ceiv­ing about 20 mil­lion cu­bic me­ters of gas as feed­stock.

“The zone is quite pre­pared for the par­tic­i­pa­tion of for­eign in­vestors in its projects.”

He said fol­low­ing the im­ple­men­ta­tion in Jan­uary 2016 of the Joint Com­pre­hen­sive Plan of Ac­tion, which was signed be­tween Iran and P5+1 in July 2015, a large num­ber of com­pa­nies from Europe, China and In­dia have sent rep­re­sen­ta­tives to the zone to learn about its in­vest­ment op­por­tu­ni­ties.

Shahrokhi noted that among them are Royal Dutch Shell, French en­ergy gi­ant To­tal and Ger­many’s BASF, adding that ne­go­ti­a­tions with Shell are more se­ri­ous than talks with the other firms.

“Iran’s Na­tional Petro­chem­i­cal Com­pany is as­sist­ing and ac­com­pa­ny­ing us in the ne­go­ti­a­tions with Shell. The Dutch com­pany plans to build a gas to liq­uids (GTL) unit in the zone.”

He added the PSEEZ has been de­signed for the es­tab­lish­ment petro­chem­i­cal in­dus­tries with ca­pac­i­ties of 18 mil­lion tons and steel in­dus­tries with ca­pac­i­ties of 4 mil­lion tons, set­ting up a port with a traf­fic ca­pac­ity (ex­port­ing and im­port­ing goods) of 40 mil­lion tons and gen­er­a­tion of 4,300 megawatts of elec­tric­ity.

“Cur­rently, four do­mes­tic in­vestors are in­volved in the petro­chem­i­cal in­dus­try, with a fi­nan­cial com­mit­ment of in­vest­ing $10 bil­lion in PSEEZ projects, have pur­chased land in the zone and be­gun op­er­a­tions there.”

In ad­di­tion, he said, the first phase of the project to set up the zone’s port has been handed over to a con­trac­tor. “This phase in­volves ex­pand­ing the port’s ca­pac­ity to 9 mil­lion tons.”

He hoped that the project will be com­pleted in three years, fol­low­ing which, it will be pos­si­ble for the zone to ex­port 9 mil­lion tons of prod­ucts and pro­vide port ser­vices for the same amount of goods.

“In the power sec­tor, we have also is­sued a call for in­vest­ment in a project to gen­er­ate 500 megawatts of elec­tric­ity in the zone. In­vestors of th­ese project will be se­lected in four months,” he con­cluded.


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