Energy Investment Opportunities Chahar Mahal Bakhtiari

Qasem Soleymani, governor of Chaharmahal & Bakhtiari province, told “Iran Petroleum” that Boroujen and Lordegan petrochemical plants are among projects under development.

“Boroujen petrochemical project is among petrochemical plants on the route of West Ethylene Pipeline. Its progress has been slow due to various problems including sanctions and financial shortages,” he said, adding the project was expected to make faster progress due to budget allocation. 

Soleymani said Lordegan petrochemical plant is under construction. He added that the project enjoyed appropriate location due to access to water and gas reserves (proximity to three main gas trunklines in the country) and the infrastructure.

He expressed hope that Lordegan petrochemical plant would become operational in one year with necessary machinery and equipment having been supplied.

“This plant will be producing urea and ammoniac. The bulk of ammoniac produced there will be spent on urea production and the rest is expected to be supplied on market directly,” he added.

Soleymani said construction of an oil refinery in Saman County was another important project envisaged in this province.

“We are currently looking for an investor to operate this project and we hope that the government, Ministry of Petroleum and its subsidiaries would contribute to this project,” he said.

Soleymani said the construction of this refinery would be an economical and valuable project as oil and gas pipelines cross this province.

He also said that small-sized hydroelectric power plants would be another good opportunity for investment in this province. 

“Currently, more than 30 areas have been located for the construction of these power plants and construction operations have started for some of them. Given abundant water reserves in Chaharmahal & Bakhtiari Province, it is possible to build 100 small-sized hydroelectric power plants,” said the provincial governor.

Soleymani also said that solar energy and energy production from renewables were other opportunities for investment in the province.

He stressed the need for supporting construction of fuel storage tanks and a direct pipeline stretching from Isfahan refinery to Chaharmahal & Bakhtiari Province, adding: “in this regard I have had talks with the Iranian minister of petroleum and  his deputy petroleum minister for refining affairs. Given the existing potentialities in Chaharmahal & Bakhtiari Province and its proximity to Khuzestan Province, the oil storage site of this province could become an export hub for the country.”

Mojtaba Sardari, director of the Chaharmahal & Bakhtiari branch of National Iranian Oil Products Distribution Company, said two 20-million-liter storage tanks and a pipeline coming directly from Isfahan refinery were estimated to cost IRR 1,500 billion. 

“This investment will return in five years. For financing, we may use domestic resources, as well as foreign investment,” he said.

Soleymani gave a positive assessment of the NIOPDC provincial zone’s performance, noting that there was no problem with fuel distribution in the province.

Source: Iran Petroleum