Azernews.Az

By Amina Nazarli

Iran and China will jointly build an industrial park in Iran’s southern port city of Jask in Hormozgan province, considering the project as an important for the expansion of energy ties with the neighboring countries, IRNA news agency reported on January 9.

Jasem Jaderi, governor of the province said that the industrial park will be built in an area of 2000 hectares with participation of Iran’s private sector.

The industrial park, the cost of which nears $31 million, will be Iran’s first joint industrial park, he added.

Jask is a vital port for Iran’s oil industry as 20 million barrels of crude oil are stored there. Iranian administration plans to turn Jask into an economic and industrial center and the country's second oil hub for exporting crude oil to different countries.

In 2015, Iranian President Hassan Rouhani said an oil terminal export is being constructed in Jask Port, which will become a major industrial and economic center in Hormozgan province in the near future, adding that the port should turn into Iran’s second hub for exporting oil.

Tehran and Beijing have developed a broad and deep partnership centered on China's energy needs and Iran's abundant resources as well as significant non-energy economic ties, arms sales and defense cooperation.

Tehran plays an important role in China’s One Belt One Road initiative, and is to become an important railway connection and remain an oil supplier to China.

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