According to Public Relations and International Affairs of Qeshm Free Zone Organization, Hamid Reza Momeni In the Specialized Conference on Introducing Qeshm Investment Opportunities in the Field of Oil and Energy, announced: By starting to build a large petrochemical complex, with an investment of 7.4 billion dollars, the economic and industrial development will accelerate in the region to produce 6 million tons of products.
He emphasized on Qeshm's influential role in the development of the national economy using oil and energy capacity, adding: Qeshm has two distinct economical periods; one was devoted to the creation of a free zone, which was restricted to traditional agricultural areas, fisheries as usual, and trade through commodity imports; during this period no action was taken in the field of branding, production, and the country's needs were not fulfilled.
According to the CEO of Qeshm Free Zone Organization, according to a bill passed by the Islamic Consultative Assembly in 2007, the Qeshm's free and commercial zone was approved, the second economic period of the island was formed with the aim of turning Qeshm into an oil and energy hub, and simultaneously, according to documents, and the views of foreign consultants, the features of this free zone were also emphasized on the capabilities of the sea-based economy.
He added that there are 17 hydrocarbon fields inside and outside Qeshm Free Zone, which can be noted from the major fields of oil and gas in the areas of Gavarzin and Hengam.
Momeni said that 25 million cubic meters of gas could be supplied to the petrochemical industry's investors on the island along with oil and energy activities.
He added: "The other investment opportunities in Qeshm are bunkering and storage, with which currently 6.4 barrels of storage are being built, and the first solar power plant, with 10 megawatts of electricity on the island, is in operation. Also, there is a capacity to supply up to 20 million megawatts.
Momeni mentioned the provision of infrastructure to attract investors as one of the important tasks of the Qeshm Free Zone Organization, and said: As a coordinator of investment opportunities in Qeshm, we will determine the financing of investors, and determine the terms of payment and the timing of projects.
Chairman of the Board of Directors and Managing Director of Qeshm Free Zone, Zamani Niya, Deputy Minister of Oil in the International field, Mohammad Khazaee, Deputy Minister of Economy and Finance, and Head of Investment Organization, and Economic and Technical Assistance of Iran, Dr. Seyed Reza Norouzzadeh, Deputy Minister, and Former CEO of National Petrochemical Company, Hiroyuki Tanaka, Senior Representative of JICA in Tehran, Mohammad Reza Seddiqi, Director of Integrated Planning at the National Iranian Gas Company, were the speakers at the opening ceremony.
Specialized conference on the investment opportunities of Qeshm in the field of oil and energy, attended by more than 100 companies and top officials of the oil and energy sector, was held in Tehran, at the Kooh-e-Noor Hall, at the Evin Parsian Hotel Conference Center in Tehran.