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Shastan Group Focused on Value Chain Development in Investments

Shastan Group Focused on Value Chain Development in Investments
(Tuesday, May 2, 2023) 14:58

TEHRAN (NIPNA) -- The deputy official of Shastan Commercial Investment Company, Ali Sanatgar, has announced the group's investment focus on developing the value chain in the petrochemical industry.

Sanatgar stated that Shastan Group has invested in the oil, gas, and petrochemical sector across four provinces in Iran, including Khuzestan, Bushehr, Hormozgan, and Sistan and Baluchistan. The company has already invested in three gas fields in the southern region of the country in the upstream sector.

Speaking at the 14th Iran Petrochemical Forum (IPF), Sanatgar highlighted Shastan Group's strategy in the petrochemical industry, including providing infrastructure, engineering, management, and financing.

He also emphasized the company's investment in Makran Petrochemical Project, which he believes is a colorful infrastructure compared to other strategies.

Sanatgar is pushing investors to enter the petrochemical field, emphasizing the importance of developing the added value chain in the industry.

Sanatgar informed the audience about other Shastan Investment Company projects, including Marjan petrochemical projects, Badr Sharq, 22 Asalouyeh storage tanks, the second and third phases of Bushehr Petrochemical Project, and the development plan of Ariasasol Petrochemical Project.

He also announced the purchase of a ship carrying oil and petrochemical products and said that the company plans to produce more than 3,300 tons per year in the Marjan and Bushehr petrochemical plants in the methane field.

Furthermore, Shastan Investment Company is constructing a 300,000 barrel Petro Refinery in Bandar Abbas. Sanatgar invited domestic and foreign investors to participate in the first phase of this project, which requires a $6 billion investment. Sanatgar emphasized that the profit of Shastan shareholders is summed up in the added value chain sector, making it the company's most important goal in the investment sector.

In conclusion, Shastan Investment Company's focus on developing the added value chain in the petrochemical industry presents a considerable opportunity for investors looking to enter this sector.

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