Tehran, Iran, February 1
By Mehdi Sepahvand – Trend:
Iranian and Italian companies will invest in petrochemical, water treatment, and refinery projects in Persian Gulf Special Mineral Industries Zone, according to CEO of Lavan Oil and Gas Engineering Company Shamseddin Momeni.
Underlining preliminary agreements with some Italian companies, he said Iran needs tankers as big as 90,000 cubic meters as petrochemical storage in the area, Iranian Mines and Mineral Industries Development and Renovation Organization (IMIDRO) reported on February 1.
A water treatment facility with a capacity of 50,000 cubic meters is also needed for the area, Momeni said.
He said for its access to cross-country railroad, international waters, and other infrastructure such as water, gas, and electricity, the area has attracted many companies from France, Finland, India, and China for investment.
Momeni further said that plans are in place to create seven new docks, making 10 with three docks already built, in the special zone by 2025.