Iran’s annual investment in PSEEZ up by 46%

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Iran’s biggest energy hub, Pars Special Economic Energy Zone (PSEEZ), has managed to attract 70 trillion rials (about $270.1 million) as well as €500 million of investment in the previous Iranian calendar year (ended on March 20) to register a 46 percent growth, year on year.

According to Khosro Afrouzeh, the director of economic development and investment attraction of Pars Special Economic Energy Zone Organization, the organization has been following new strategies to optimize investment processes with the aim of facilitating the investment environment and creating a smooth path for small investors and focusing on key customers.

PSEEZ was established in 1998 for the utilization of South Pars oil and gas resources and to encourage commercial activities in the field of oil, gas, and petrochemical industries in southern Iran.—Tehran Times