Morteza Shahmirzaei said the amount would be
spent to develop downstream and upstream petrochemical projects in the region.
Speaking with Fars News Agency, Shamirzaei, who
is also the CEO of the National Petrochemical Company (NPC), said the company’s
policy is preserving the national interests in the petrochemical industry,
adding the Iranian Ministry of Petroleum and the administration emphasize on
the development national projects no matter when they had started.
“The first petrochemical hub of Iran was
established in Mahshahr as a special petrochemical economic zone. Then Pars
Energy Special Economic Zone in Assaluyeh was put on the development agenda.
Due to the limited capacity of this region for further development of the
petrochemical industry, we must study and work on other regions to establish new
petrochemical hubs,” he added.
The Makran region is currently under study to
establish petroleum refineries, petrochemical plants and chemical parks. Makran
region is a pristine region with good access to high seas, which also has a
suitable manpower. Geographically, the region is one of the most promising
areas, with more than $40 billion expected to be invested in the upstream and
downstream petrochemical sectors in the coming decades, the official went on to