Petrochem Industry Expanding in Mahshahr Special Economic Zone

Close to $1 billion have been invested in the Petrochemical Special Economic Zone (Petzone) in Mahshahr, Khuzestan Province, on developing the infrastructure, which will boost petrochemical production in the region to 19 million tons by the end of the current Iranian year (March 20), managing director of the Petzone Organization said.
“About $7 billion worth of new petrochemical projects are currently underway in the region, the completion of which will create more than 4,800 jobs,” the Oil Ministry’s news agency Shana also quoted Omid Shahidinia as saying.
Stretching over 3,000 hectares, the Petzone is located along the northern coast of the Persian Gulf in Mahshahr. It was built to promote industrial development, especially in the upstream and downstream sectors by attracting new technologies and creating jobs.