{"id":1715,"date":"2017-11-13T20:18:28","date_gmt":"2017-11-13T21:18:28","guid":{"rendered":"http:\/\/madaresharghi.com\/plan-to-develop-qeshm-petrochemical-hub\/"},"modified":"2017-11-13T20:18:28","modified_gmt":"2017-11-13T21:18:28","slug":"plan-to-develop-qeshm-petrochemical-hub","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/plan-to-develop-qeshm-petrochemical-hub\/","title":{"rendered":"Plan to Develop Qeshm Petrochemical Hub"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tQeshm Free Zone Organization and Parsian Oil and Gas Development Group Company signed on Sunday a memorandum of understanding on the development of a petrochemical hub on the largest Persian Gulf island.<br \/> \tAccording to the agreement, the national project is slated to be implemented by $8 billion in domestic and foreign investment in cooperation with POGDC, NIPNA reported.<br \/> \tThe hub will have an annual production capacity of 6 million tons.<br \/> \tAfter the nuclear deal was signed, the Iranian island of Qeshm managed to attract investments from 10 countries, including Russia, France, Britain, China and Japan.<br \/> \tQeshm Island is located a few kilometers off the Iranian southern coast, opposite the port cities of Bandar Abbas and Bandar Khamir. The 135-km-long island boasts a 300-square-kilometer free zone.<br \/> \tAs part of the MoU signed by Hamidreza Momeni, director of the organization, and Morteza Azizi, managing director of POGDC, the two sides have a two-month time to take preliminary steps.<br \/> \tQeshm Free Zone Organization is committed to adopting measures that include supervising feasibility studies that are due to be implemented by an Australian engineering company WorleyParsons, the allocation of a 400-hectare piece of land and conducting studies on environmental and safety conditions of the plan.<br \/> \tPOGDC also plans to help provide the financial model of the contract.<br \/> \tIran&#8217;s petrochemical output currently stands at 62 million tons, but is expected to reach 72 million tons a year by the end of the current fiscal year in March upon the launch of new petrochemical ventures.<br \/> \tIran holds some of the world&#8217;s largest crude oil and natural gas reserves, but its petrochemical industry is comparatively underdeveloped.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Qeshm Free Zone Organization and Parsian Oil and Gas Development Group Company signed on Sunday a memorandum of understanding on the development of a petrochemical hub on the largest Persian Gulf island. According to the agreement, the national project is slated to be implemented by $8 billion in domestic and foreign investment in cooperation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Plan to Develop Qeshm Petrochemical Hub - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/plan-to-develop-qeshm-petrochemical-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plan to Develop Qeshm Petrochemical Hub - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Qeshm Free Zone Organization and Parsian Oil and Gas Development Group Company signed on Sunday a memorandum of understanding on the development of a petrochemical hub on the largest Persian Gulf island. 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