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The oil terminal will be built in Qeshm Island in the Southern part of the Persian Gulf and will turn the island into a major center for oil production and storage.
During this month, Iran's first clean water and power cogeneration plant at Qeshm Island is scheduled to enter into service.
Roostaei started her crocodile farm on Qeshm Island, the largest island in the Persian Gulf.
1 bln would be invested for the completion of Persian Gulf projects in Qeshm Island and Chahbahar railway and one fifth on the total investment in free zones will be for establishing Arvand river's free zone," he continued.
1 struck Bandar Abbas, on the mainland near Qeshm island, killing at least seven people and injuring 40, 15 of them on Qeshm.
API oil with reserves in place estimated at 500m barrels; Suru, a gas field by the coast north of Qeshm island, with a reserve estimated at 0.
Another fertiliser plant, to be built on the Qeshm island free zone, has been discussed for years.
Bloomberg in a report has announced that officials from Iran's Qeshm Free Trade Zone had recently met Pierre Beaudoin, executive chairman of Bombardier's board, on a project to set up an airline in the southern Qeshm island.
Construction of first gas to liquids (GTL) plant in Qeshm
The meeting is aimed at assigning Qeshm Island as the free zone for ECO investments, assigning the Persian Gulf Biotechnology Park as ECO park for investments by the member-states` companies and assigning Qeshm International Incubator Center as ECO Incubator Center.
Heydar Yar-Veisi, director of Qeshm district in the Iranian Offshore Oil Company (IOOC), said crude oil production from Hengam field officially started in 2010.
Archaeologists are resuming work on Qeshm island where work in recent years has uncovered the remains of settlements dating back as much as 150,000 years and thought to be the earliest human settlement in the Persian Gulf.
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- Qeshm Free Area Authority
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