Petrochemical Special Economic Zone
The Petrochemical Special Economic Zone is located in the southwest of Mahshahr city, in Khuzestan province, southern Iran, near the northern coast of the Persian Gulf. The Zone now covers an area of 2850 hectares. When it was first established, it only encompassed an area of 1700 hectares.
The expansion came after Bandar Imam, Razi and Farabi Petrochemical Complexes were annexed to the Zone, which is linked to international waterways via Bandar Imam Port accessing Turkey, Europe and Central Asian countries via Iran’s national railroad.
The main reason behind establishing the Zone was to bring about industrial development especially in the petrochemical sector and its downstream industries. The zone offers a wide range of economic and social benefits at local and national levels which includes applying the state-of-the-art technologies and creating job opportunities.
The Organization of Petrochemical Special Economic Zone, which is a subsidiary of NPC, is responsible for promoting and developing the Zone. This zone, began its activities in 1997 after receiving the respective authorization from the nation’s High Council for Free Trade and Indus trial Zones. Among its major activities are developing the infrastructural facilities with the aim of attracting domestic and foreign investors. It is an outstanding gateway to Iran’s abundant oil and gas resources.