Investors from India, Japan, China are reportedly looking to finance the development of petrochemical projects in Iran's Chabahar Petrochemical hub in Sistan Balouchestan province. According to reports the Makran complex, featuring 17 production units, is scheduled to be commissioned over a period of nine years and be developed in three phases. The $11 bn complex will be designed to have petrochemicals production capacity of 23 million tons annually, of which 20 million tons will be exported to Middle East, India and China. Chabahar Makran Petrochemical Complex manager Hassan Malek Esmaeili was quoted by Fars news agency as saying that the complex is expected to become one of the petrochemical hub in the country upon completion.
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