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FinancialNews
02-08-22
Main Iranian bank, local firms sign MOUs valued at USD17.8B to establish refinery, petro-refinery
(MENAFN) IRNA mentioned in a report that main Iranian banks have inked memorandums of understanding (MOU) with local firms to supply USD17.8 billion for the establishing of a large-scale refinery as well as a petro-refinery one.
In line with the report, the MOUs for the backing of Morvarid Makran Refinery as well as Shahid Ghasem Soleimani Petro-refinery, separately with a whole processing volume of 300,000 barrels per day (bpd), were inked by the administrations of the stated entities on Monday, in a ceremony joined by leader Ebrahim Raisi as well as Oil Minister Javad Oji.
Throughout the ceremony, Bank Meli Iran, Tejarat Bank, in addition to Refah Bank inked a MOU with National Iranian Oil Refining and Distribution Company (NIORDC), Persian Gulf Petrochemical Industries Company (PGPIC), Ahdaf Investment Group, as well as Tdbir Energy Development Group for financing USD11.1 billion in Shahid Ghasem Soleimani Petro-refinery.
Moreover, Morvarid Makran Refinery will be built with an entire financing of USD6.7 billion based on a MOU inked between Bank Mellat, Parsian Bank, plus Mofid Economic Group.
MENAFN02082022000045014228ID1104630020
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