Investment surge in Assaluyeh; 38 petrochemical projects to be put into operation within the next 5 years

According to Energy Press, citing Iran Petroleum Monthly, the Pars Special Zone Organization in the Assaluyeh oil and gas region includes three regions: Pars 1 (South Pars), Pars 2 (Kangan), and Pars 3 (North Pars). The South Pars Gas Complex and Pars Oil and Gas Company, which are responsible for a significant portion of the country’s energy production, are located in this region. The South Pars Gas Complex Company, as the country’s largest gas production hub, has played a key role in Iran’s energy supply for the past 26 years. Since this region was formed based on the South Pars gas field, its major industries are gas refineries, so petrochemical projects have been defined based on the feedstocks produced by these refineries, and a major portion of the feedstocks for petrochemicals are supplied. According to Khosrow Afrouzeh, Deputy Director of Planning and Economic Development of the Pars Special Zone Organization, about 73 percent of the country’s gas production is supplied through this gas region.
On the other hand, given that these products provide a major part of the feedstock for refineries, there are 25 petrochemical production units in this region with a nominal capacity of over 40 million tons per year, which produce about 51 types of products. According to the latest statistics published, the total foreign exchange income from exports of all free and special zones in the country in 1403 was about $18 billion, of which $12.3 billion is related to the Pars Special Zone. The Deputy Director of Planning and Economic Development of the Pars Special Zone Organization says: In addition to the 25 production units, based on the feeds produced in the refineries of the special zone, 38 investment licenses have been issued in petrochemicals with an annual capacity of 43 million tons, which will be put into operation within the next five years.
Investment facilitation
The total number of projects under implementation and production units shows that more than 50 percent of the country’s petrochemical industry capacity has been defined in this region, which has a great impact on the country’s production and foreign exchange earnings. Afrozeh says in this regard: “Investors are aware of the capacities of this region, so both investors are applying to enter this region and we have a duty to facilitate the conditions and investment processes for their entry.”
Pointing out that the main mission of the organization is to attract capital for the development of complementary and downstream industries in the region, the Deputy Director of Planning and Economic Development of the Pars Special Region says: “Increasing the efficiency and effectiveness of managing financial resources and attracting capital in order to generate income, profitability, and create added value at the regional level and to meet the demands of customers and key stakeholders are other missions of the organization, which ultimately leads to a jump in production and job creation at the regional level.”
Afrozeh says about the measures taken to create facilities for investment in this region: “Given the large industrial capacity that has been created in the gas and petrochemical fields in the region, the most important goal of this management is to facilitate the investment process in order to develop the region. “One of the main parts of this management is the study and review of investment opportunities. In fact, in cooperation with other parts of this management, an initial study is carried out and investment packages are presented; these studies include information about the region, the type of feed, the type of infrastructure, the types of activities and support available in the region, which are made available to investors.”