Energy
0

Iran's PSEEZ Gas, Petrochem Sectors Draw $98b

An estimated $68 billion has been spent on gas development plans, mainly offshore and onshore operations in the South Pars Gas Field in the Persian Gulf in Assalouyeh region
PSEEZ Gas, Petrochem Sectors Draw $98b PSEEZ Gas, Petrochem Sectors Draw $98b

Pars Special Energy Economic Zone in the southern Bushehr Province has attracted investments worth $98 billion since 1998, the PSEEZ investment director said.
"Bulk of the investment was in the petrochemical and natural gas projects," Majid Asgharian was quoted as saying by the National Iranian Oil Company's news portal.
Giving a breakdown on the projects, he said $68 billion has been spent on gas development plans, mainly offshore and onshore operations in the South Pars Gas Field in the Persian Gulf in Assalouyeh region.
"An estimated $28 billion went into petrochemical industries," he added, noting that the projects mainly include polypropylene and ethylene glycol development initiatives.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com