Addressing a ceremony to sign several contracts between the
Petroleum Engineering and Development Company (PEDEC) and local firms for
building electro-pumps for the purposes of the project on Monday, he said $700m
was to be spent for developing Jask Region.
He said the country was building a $1.8b oil pipeline
project from Goreh to Jask Port of which $700m alone would be spent for
developing the port.
Mr. Zangeneh said the project would transform the region as
various oil storage facilities, export jetties, wave breakers and single buoy
mooring systems would be built in Jask.
He further added that two refineries as well as petrochemical
facilities were also planned to be build in the region afterwards.