CEO Stresses PSEEZ Potentialities for Reaching Global Markets

(Saturday, August 24, 2019) 16:29

TEHRAN (NIPNA) -- The CEO of the Pars Special Economic Energy Zone underlined the organization’s massive capacities for entering international markets and generating revenues for the country.

According to PSEEZ, Pirouz Mousavi said in a meeting with the deputy ambassador of Belgium to Tehran that many of the phases of the South Pars gas field had been completed, adding there was a massive capacity for gas production in the joint field.

Iran shares South Pars with Qatar in Persian Gulf waters.

Iran’s gas production capacity from South Pars currently stand at 660 million cubic meters per day. The field supplies 70 percent of the country’s demand for gas.

He said PSEEZ enjoyed numerous massive gas and petrochemical facilities which made it a gemstone for Iran’s economy, adding in the near future more emphasis would be on investment in downstream industries in the region.

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National Petrochemical Company