PSEEZ begins equipping new dock at Pars Port

Iran’s Pars Special Energy Economic Zone (PSEEZ) Organization has begun equipping dock No. 10 of Pars petrochemical export port located at the zone in Assaluyeh, Shana reported.
The executive operations of the mentioned dock, which is aimed at exporting liquefied Petroleum Gas (LPG), were started in a ceremony with the presence of the National Iranian Oil Company (NIOC) Head Mohsen Khojasteh-Mehr.
The NIOC has allocated $30 million for the completion of the mentioned dock and the project is being carried out by the PSEEZ.

Equipping this dock will enable PSEEZ to export 2.5 million tons of LPG annually, which will bring the country $1.5 billion of annual revenue.
Located in the port city of Assaluyeh, PSEEZ is home to several petrochemical complexes that receive gas and gas condensate feedstock from the giant South Pars gas field, which Iran shares with Qatar in the Persian Gulf.
The zone is the hub of Iran’s exports of major non-oil commodities including gas condensate and petrochemicals.

Back in August 2023, the PSEEZ managing director said 27 development projects with a total investment of $21 billion were underway in the region.
Speaking in a meeting of the managers of the country’s oil industry, Sekhavat Asadi said: “Despite the sanctions, 150 billion dollars has been invested in the upstream and downstream sectors of the oil industry in the Pars Special Economic Energy Zone.”

The official noted that four petro-refineries are also being constructed in the zone and after the completion of these complexes Iran will no longer need to export the gas condensate produced at the South Pars.
Underlining the fact that South Pars accounts for 48 percent of the country’s petrochemical production, the official said: “With the new projects completed, the South Pars output will
double.”

Asadi pointed out that the feed for the petrochemical complexes in this region is supplied from the gas produced at the South Pars field, stating that the Persian Gulf Star Refinery, which supplies 40 percent of the country’s gasoline, receives 100 percent of its feed from South Pars gas condensate.

He noted that exports from PSEEZ increased by 40 percent in the previous Iranian calendar year (ended on March 20, 2023) to reach $12.3 billion.
According to the official, over 90,000 people are currently working in the PSEEZ.