Iran Advances Phase II of PETZONE in Khuzestan

Iran Advances Phase II of PETZONE in Khuzestan
(Saturday, October 18, 2025) 13:32

Khuzestan, Oct. 18 (NIPNA) -- Iranian officials held a strategic consultation on the second phase of the Petrochemical Special Economic Zone (PETZONE) in Khuzestan, focusing on technical, economic, and environmental dimensions of the project, as well as measures to accelerate its implementation.

The meeting, chaired by Khuzestan Governor Seyed Mohammadreza Mowalizadeh, brought together Mohammadreza Motiri, CEO of the Petrochemical Special Economic Zone (PETZONE) Organization, and senior provincial executives, according to a statement from the organization.

Governor Mowalizadeh described the project as a “national and strategic initiative” and a symbol of the government’s development-oriented approach. He highlighted its potential to generate sustainable employment, boost economic activity, and support poverty reduction in the province.

“Ensuring sustainable water resources through desalination and recycling is essential for the project,” he said, emphasizing coordination among environmental, cultural heritage, water and electricity, and urban development authorities. He also called on petrochemical companies to maintain environmental standards and fulfill social responsibilities in line with balanced regional development.

Motiri outlined the project’s technical and financial framework, noting that funding would be provided by the National Petrochemical Company to support detailed engineering studies and infrastructure development, including water, electricity, gas, and land. He said major state and private companies, including the Persian Gulf Holding, were prepared to participate.

“The development plan represents national strength and the government’s commitment to supporting upstream and downstream petrochemical industries,” Motiri said, adding that it aims to increase production, create added value, and reduce raw material exports. He said the project would play a decisive role in boosting production, economic indicators, and Khuzestan’s contribution to national GDP.

The session concluded with the governor thanking officials for their efforts and urging continued coordination among provincial agencies to expedite phase two of the development project.

 


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