TEHRAN, Nov. 14 (Shana) A senior Iranian petrochemical official said tapping of National Development Bank of Iran (NDFI) has started to open a letter of credit (L/C) for financing Siraf Petrochemical project. Marziyeh Shah-daei, project manager of Iran's National Petrochemical Company (NPC), told Shana that financing of the project has started ...

TEHRAN June 21(Shana)--By building Siraf refining complex, Iran will take one step forwards to ending crude sale of petroleum products, managing-director of one of stakeholders of the project said. Hamid Mobseri, managing-director of Tanavob Co., said the first step towards completing value chain in the petroleum industry would be to put an end ...

TEHRAN June 13(Shana)--The price petrochemical plants should pay for feedstock and a long-term feedstock price formula will be finalized within the next ten days, deputy minister of petroleum Abbas Shari-Moqqadam said. Speaking to Shana, he referred to a call announced for investment in Siraf refining project, adding a similar investment call will ...

TEHRAN June 09(Shana)--Each of the 8 shareholders of Siraf refining project could turn to European companies to meet their financial and technological needs, managing director of Siraf Refining Infrastructure Company Alireza Sadeghabadi said. Speaking to Shana, Sadeghabadi further noted that the company had decided to rely on domestic potentials ...

Iran on Monday began building its biggest refining plantto convert about half a million barrels per day of condensateinto exportable products to Asia. Vice President Es'haq Jahangiri attended the ground-breaking ceremony for the Siraf refinery being built with $2.8 billion of investment by the Iranian private sector. For the next eight months,...

TEHRAN June 08(Shana)--Irans petroleum minister has said that the construction of Siraf refineries would be a major step in ending sale of raw materials. With the construction of Siraf refineries, an important step would have been taken in preventing crude [oil and condensate] sales, Bijan Zangeneh said. He said Siraf project is the first of kind ...

Iran is building a $2.8 billion refinery on the Persian Gulf coast to process 480,000 barrels a day of gas condensate for sale in Asia, an official says. The Siraf refinery will turn the light oil extracted with natural gas into liquids for shipment to global markets, its managing director Ali Reza Sadeq-Abadi has told Bloomberg. The project ...

TEHRAN Jan 24(Shana)-- Private sector has assumed a bigger share in implementation of Siraf Park's 8 gas condensate refineries, deputy minister of petroleum Mansour Moazzami said. Moazzami said 54 companies in the form of 35 consortia competed for building the 8 gas condensate refineries, adding widespread welcome by private sector companies encouraged ...

TEHRAN Nov 03 (Shana)--Irans Petroleum Ministry has selected investors to construct eight gas condensate refineries under the project known as Siraf Refining Park, a deputy petroleum minister said. Based on the decision of the ad hoc committee, eight companies are qualified to develop the Siraf refining [park], Mansour Moazzami said. He expressed ...

[caption id="attachment_115805" align="alignright" width="252"] Siraf port[/caption] Iran is planning to offer the historical port of Siraf to the UNESCO for a possible inscription on the World Heritage list of the organization. Iran is slated to introduce Siraf, known today as Taheri Port, to the world as a historical Persian port which is located ...

TEHRAN Sep. 2 (Shana)--An expertise team will examine the qualifications of the 50 companies applied for participation in building gas condensate refineries in Siraf region south of the country. Deputy minister of petroleum for planning and supervision on hydrocarbon resources Mansour Moazzami made the remarks stating 50 companies, some of them in ...

TEHRAN August 3 (Shana)--Two wharfs are planned to be constructed in Siraf Refining Park which includes eight gas condensate refineries. The megaproject involves the construction of eight gas condensate refineries along with some utility facilities as well as logistics and processing units at Siraf Refining Park in Bushehr Province in southern Iran....

TEHRAN July 22 (Shana)--Irans National Development Fund will be tapped for construction of Siraf Refining Park which involves eight gas condensate refineries each with 60,000-barrel capacity, however the major financing of the projects will be provided by the private sector. Irans Petroleum Ministry plans to commission the project along with utility ...