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
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
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
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.