Jask to Build 2nd Energy Export Terminal

Jask to Build 2nd Energy Export TerminalJask to Build 2nd Energy Export Terminal

A second terminal for oil and gas export will be built in the port city of Jask in Hormozgan Province, secretary-general of the Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones said.

"Plans call for establishing free trade zones in (the southern cities of) Jask and Bushehr … and building a second oil and gas export terminal in Jask is part of the plans," Akbar Torkan was quoted by Shana as saying on Wednesday.

The parliament is examining a bill to fund the establishment of the two trade zones to help boost economic and energy trades along the country's Makran Coast in the Sea of Oman.

"The government wants to develop Makran Coast by establishing oil and gas units in the region," Torkan said.

The 1,000-km Makran Coast stretches along the Sea of Oman from Jask to the Lasbela district in Pakistan. Japanese, Indian and European investors have expressed willingness to participate in the region's development projects.

The construction of a petrochemical complex with more than $12 billion in private investment is also underway in the city of Chabahar in Makran Coast.

The complex, which is slated to transform Chabahar into the country's third biggest petrochemical hub, will be built in three phases over the course of nine years.

It includes four methanol units, four methanol ammoniac units, four urea ammoniac units, two olefin units, two development units, one aromatic unit and one methanol propylene unit.