virtual meeting with the Iranian President on Thursday, May 20, Akbar Eftekhari
said that the project is located in the north of Khuzestan province,
southwestern Iran, which is one of the most deprived areas of the province.
He pointed to the
production of 1.076 million tons of urea in Masjed Soleiman Petrochemical
Plant, and added the export contract for 500,000 tons of the company's products
has been finalized and the export of this product will start in the next one or
A total of $850
million was invested in the project which is expected to generate $268 million
in hard currency annually.