Petrochem, Gas, Power Projects Worth $3.5b Unveiled in PSEEZ

President Ebrahim Raisi inaugurated several petrochemical, gas, water and power projects in the Pars Special Economic Energy Zone in Asalouyeh, southeast of Bushehr Province, worth an aggregate of $3.5 billion on Thursday and Friday. 
The projects included the South Pars Gas Field’s Phase 14 Refinery, nine tanks to store petrochemical goods, Damavand Petrochem Plant, Pars glycol complex, Besat combined-cycle power station, desalination units and power transmission plans, IRNA reported.
Giving a breakdown, Oil Minister Javad Owji noted that close to $2.7 billion were invested in SP Phase 14 project that will return completely in less than two years.
The completion of other ventures, including Asalouyeh storage tanks, utility units in Damavand Petrochemical Plant, Pars glycol complex and Besat power plant, were carried out at an estimated cost of $95 million, $110 million, $300 million and $140 million respectively.