Sector News

Iran to build 2nd oil, gas export terminal in Jask

October 1, 2015

Launching Jask and Bushehr free trade zones will lead to the development of country’s southern areas. 

Tehran, Sept 30, IRNA – Secretary of the Supreme Council of Iran’s Free Trade, Industrial, and Special Economic Zones said the country’s second terminal for exporting oil and gas after the Kharq Island in the Persian Gulf will be constructed in the Jask port, southern Hormuzgan province.

Introducing government’s plans to develop the coastal strip of Makran along the Persian Gulf and the Gulf of Oman, Akbar Torkan said launching of the Jask and Bushehr free trade zones will lead to the development of country’s southern areas.

“Moreover, the National Iranian Oil Company has plans to set up a hub for oil export in the Oman Sea,” he added.

Makran coastal strip has the potentials to be the country’s new economic and industrial hub to south and east notably in terms of launching petrochemical and steel complexes.

Lying on the massive gas resources, the stretch has also been identified appropriate for construction of petrochemical complexes.

Recently, the SATA investment company announced it is going to launch units in Makran Petrochemical Project located in the southeastern Chabahar port city.

Source: Zawya

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach