TEHRAN, June 01 (Shana) – Iran is planning to develop Mahshahr Petrochemical Special Economic Zone (PETZONE), a petrochemical official said.

Addressing a ceremony held to farewell Mahshahr PETZONE's managing director and welcoming his replacement, Marziyeh Shahdaei, deputy petroleum minister in petrochemical affairs, said Mahshahr PETZONE has been designed in two phases and its second phase is planned to be developed.

The project will be carried out by National Petrochemical Company (NPC) as a state body responsible for providing the infrastructure needed for development of the petrochemical sector, she said.

She further added that studies are underway for preparation of the second phase of the zone that will be home to petrochemical plants aimed at completing the value chain in the region.

By SHANA