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Private sector to build oil refinery in Iran's Mazandaran Province

TEHRAN, Nov. 22 (Mehr News Agency) - Iran's private sector will start the construction of an oil refinery in the northern province of Mazandaran in the near future, Ali Faraji, the head of the Board of Directors of Mazandaran Oil Refinery Company said on Wednesday.

The refinery is to be built between the cities of Neka and Behshahr, he added, while explaining that the feasibility studies of the project plus tank(s) design have finished.

Site selection operations have been completed, and environmental assessments are currently underway, he added.

Faraji went on to say that the crude oil required for the refinery will be supplied from Azerbaijan Republic, as previously signed Baku contract mandates. He added that Iranian embassy in Baku has facilitated the signing of the contract.

Also, a memorandum of understanding (MOU) has been inked with German Siemens on establishment of a joint venture for the refinery, he noted.

... Payvand News - 11/23/06 ... --

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