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€10b invested in Chabahar petchem projects to end unprocessed sales
The investment aims to eliminate the sale of raw petrochemical products once the industrial park’s phases are completed.
Alireza Moniri-Abianeh told IRNA on Tuesday that the Makoran Petrochemical Industrial Park includes six mega-projects and 22 downstream petrochemical units.
He said that, according to the planned timeline, the necessary utilities—such as water, electricity, steam, and other support services—along with two petrochemical units, will be operational by summer 2025.
He emphasized that the knowledge generated in the country’s third petrochemical hub is a valuable asset. “Iran’s petrochemical industry, now 63 years old, previously established two hubs in Mahshahr and Assaluyeh under relevant governments.”
Moniri-Abianeh highlighted that one of the key initiatives of the Makoran Petrochemical Industrial Park is the employment of local workers. Over 5,000 people are currently employed at the site, with more than 50% being local hires.
He added that, in addition to employing local workers, the project has established technical and vocational training centers and a petrochemical high school in Chabahar to empower the local community and provide skilled labor for the region’s industries.
Moniri-Abianeh recounted the history of the Makoran Petrochemical Industrial Park, noting that its development began after Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei’s directive to develop the Makoran coast.
In spring 2011 (Iranian calendar year of 1390), during a provincial cabinet visit to Sistan and Baluchestan, the government approved the establishment of the country’s third petrochemical hub in the Chabahar Free Trade Zone, a site previously designated by the Oil Ministry.
He explained that in the same year, following the government’s approval, an agreement was reached between the then-ministers of oil and defense to assign the Ministry of Defense as the chief developer for the project.
The Ministry of Defense utilized the capabilities of Shastan Company, owned by the Armed Forces Pension Fund, and established NMPC to build the industrial park with private sector involvement.
Moniri-Abianeh noted that the Makran Petrochemical Industrial Park in Chabahar, known as the country’s third petrochemical hub, marks the first experience of private sector-led petrochemical development in a free trade zone.
Over the years, the project has also developed and formalized the rules governing such developments.
He added that the industrial park includes 18 investment and infrastructure projects, seven of which are petrochemical projects being implemented in partnership with companies and investment holdings. The park spans 1,260 hectares.
The CEO stated that the majority of products from the Negin Makoran Petrochemical Complex will be exported, while the remainder will serve as feedstock for downstream petrochemical complexes and industries in domestic markets.