According to Public Relations and International Affairs of Qeshm Free Area Organization, creating a hub for petrochemical in the Qeshm island on the basis of a memorandum of understanding signed by Hamid Reza Momeni Chairman of the board of directors and CEO of Qeshm Free Area Organization on the one hand and Morteza Azizi CEO of the Parsian Oil and Gas Development Group on the other hand, by specifying The two-month timeframe for the implementation of the initial steps and study began.
Collaborate in the preparation of contracts, Advance studies of the Qeshm Petrochemical Hub Master Plan by WORLEY PARSONS, Determine the quaternary area of the project with an area of approximately 400 hectares and Advancement of environmental and safety studies of the site include the commitments of the Qeshm Free Area Organization in this important petrochemical project.
According to the memorandum, the Parsian Oil and Gas Development Group is also required to cooperate in the preparation of a contract for a petrochemical hub project in the field of developing and providing a contract finance model as an important part of this memorandum with the Qeshm Free Area Organization for a period of one Moon to cooperate.
The memorandum also stipulates the preparation and proposal of a financial and technical appraisal of applicants and the method of selecting eligible investors for this project, in accordance with the rules and regulations governing the Qeshm Free Area Organization.
It should be noted that the Memorandum of Understanding on the construction of Qeshm Petrochemical Hub was signed at the Tehran Office of Qeshm Free Area.
A huge national project began in Qeshm/ Petrochemical Hub of Qeshm Free Area will be built in the near future
Qeshm Free Area Organization with the aim of achieving the goals of the Supreme Leader on the importance of the progress of free Areas and with regard to the policies of the resistance economy and the Iran's 20-years Outlook plan(1404), under the supervision of the National Iranian Petrochemical Company, the project will start the creation of a petrochemical hub in the Qeshm Free Zone with a capacity of 6 million tons per year and $ 8 billion in foreign and domestic investment with the participation of the Parsian Oil and Gas Development Group.
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