South Pars Positioned as Prime Investment Destination in Iran Oil, Gas Sector

South Pars Positioned as Prime Investment Destination in Iran Oil, Gas Sector
(Monday, April 21, 2025) 09:26

TEHRAN (NIPNA) – South Pars Special Economic Energy Zone (PSEEZ) is emerging as one of Iran’s most attractive investment destinations in the oil, gas, and downstream petrochemical sectors, a senior official said on Sunday.

Mahmoud Sheikh Mamo, Director of Economic Development and Investment at the PSEEZ, said in a statement that the region is well-positioned to attract both domestic and international capital due to its growing infrastructure, job creation potential, and government support for industrial and energy projects.

Speaking ahead of the national event on transformation in oil and gas investment and development, Sheikh Mamo noted that the PSEEZ will present 12 industrial, welfare, and infrastructure projects to prospective investors. Pars Oil and Gas Company is also expected to showcase its key development plans for gas and oil fields located within the three special energy zones.

He cited favorable investment incentives—including customs exemptions on imported equipment, long-term tax breaks, and access to abundant petrochemical feedstock—as key advantages for investors. He also highlighted the ongoing efforts to reinstate exemptions from value-added tax (VAT), previously one of the key attractions for investors in special economic zones.

“With the completion of infrastructure and downstream industries, significant employment opportunities will be created,” Sheikh Mamo said, adding that 2025 could become a turning point for transforming the zone’s potential into a national economic event.

He emphasized the role of public-private partnerships (PPP) in financing infrastructure projects and stated that several industrial and service projects in the region are already being implemented through PPP arrangements, in line with enabling legislation introduced over the past decade.

The official expressed optimism that improved international conditions and easing of sanctions could pave the way for foreign participation and broader economic revitalization in the region.

Investors are encouraged to submit proposals via the PSEEZ business process management platform at BPMS.PSEEZ.IR, which facilitates project registration and investment application.

 


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