TEHRAN, Iran, July 19. Oil Ministry's plan to develop a model of the sustainable development of the petrochemical industry in the Makran Coast region, CEO of the National Petrochemical Company Morteza Shahmirzaei announced, Trend reports citing SHANA.
The CEO of the National Petrochemical Industry Company (NATPET) Morteza Shah-Mirzaei delivered his remarks at a meeting on the development of the petrochemical industry in the Makran Coast region.
The National Petrochemical Company (NPC) is seeking to complete the value-chain in the downstream petrochemical sector on Makran coasts, turning the region into a new petrochemical hub.
Referring to the strategic plan for the development of the southern Makran Coast with the aim of reducing crude oil sales, he says that the National Petrochemical Industry Company (NATPET) is responsible to monitor the implementation of the mentioned plan.
The major feedstock used in Makran petrochemical company will be provided by Iran National Gas Company, Shahmirzaei added.
He pointed to the existing export capacities to the eastern neighbors of the country. The markets of Pakistan and Afghanistan can be good destinations for the petrochemical products of Makran petrochemical company.
Makran is a coastal area in southeastern Iran and the southern area of Sistan-o-Baluchestan province, which has 300 kilometers of water border and 1,100 kilometers of land border. It bounds from north to Khorasan province and Afghanistan, from west to Kerman province, from south to Oman Sea, and from east to Pakistan.
The Makran coasts enjoy a unique situation for transit of commodities, trade investment, industrial development and tourism industry. The Chabahar Free Trade-Industrial Zone (CFZ) is one of the seven free trade zones of Iran, which has been developed in the vicinity of Chabahar city and along the coasts of the Oman Sea for more than two decades.