Iran's 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.