19 August 2014 - 13:12
  • News Code: 223096
Foreign Investors Welcome at Siraf Refining Park

TEHRAN August 19 (Shana)--A senior Iranian energy official said foreign investors are faced with no restrictions for working in Siraf Refining Park.

Abbas Kazemi, Managing-Director of the National Iranian Oil Refining and Distribution Company (NIORDC), said so far 35 investors have voiced their readiness to invest in the Siraf Refining Park” which involves eight gas condensate refineries each with 60,000-barrel capacity. 
Kazemi said the project has been designed to bring about maximum profit for relatively small investment levels. 
He said Iran's National Development Fund (NDF) is also tapped to finance the park's projects.
The investors are allowed to get loans up to 70% of their investment from the fund, he added. 
He further added that the park will take at least 30 month to be completed by the time all its funding and logistic concerns are removed. 
Kazemi also unveiled the park's specialized website at www.sirafrefineries.ir. 
Iran’s Petroleum Ministry plans to commission the project along with utility facilities, logistics, and processing units in Pars Special Economic Zone to private sector investors that will be put on tender in the Iran stock exchange.
This project, which is designed for preventing crude oil and generating value-added, is in line with the guidelines of Supreme Leader Ayatollah Ali Khamenei about the Economy of Resistance and Article 44 of the Constitution.
According to the project, Pars Special Economic Energy Zone (PSEEZ) allots some 250 ha of land (30 ha for each NGL refinery) in Assaluyeh’s Site II to private investors under a 20-year contract. After the deadline, the contract could be renewed pending agreement of PSEEZ Organization.  
However, Petroleum Ministry shall assume no responsibility concerning financing the construction of NGL refinery projects for the short-listed investors.  
News Code 223096

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