Iran's Qeshm Island Attracting Petrochem Interest

Construction of four plants with 6-million-ton annual production is scheduled to commence soon in Qeshm, the largest island in the Persian Gulf.
Former chief executive officer of the National Petrochemical Company, Reza Norouz-Zadeh, made the statement on Monday on the island, addressing a conference on "Qeshm Oil and Energy Investment Opportunities", Shana reported.
"The venture estimated to cost $7 billion is financed by an (unnamed) foreign investor," he said without elaboration.