Bank Mellat’s participation in two large refinery projects

According to this report, the memorandum of understanding for the participation and financing of the construction of the Marwarid Makran refinery with the daily refining capacity of 300,000 barrels of heavy and extra heavy crude oil in Jask, with an estimated investment of 7 billion dollars, will be implemented with the participation of Mofid Economic Group, Bank Mellat and two other banks. became.
Maximizing the use of internal construction equipment and benefiting from the law of breathing feed is one of the features of the Makran Pearl Oil Refinery construction project.
At the same time, the memorandum of understanding for the participation and financing of the construction of “Shahid Qassem Soleimani” Petrorefinery with the daily refining capacity of 300,000 barrels of heavy crude oil with an estimated investment of 11 billion dollars with the participation of Mellat Bank and three other banks, Tadbir Energy Group, Persian Gulf Petrochemical Industries Company , the goals investment company and Iran’s National Oil Products Refining and Distribution Company were signed.
The composition of the products produced in the Shahid Soleimani Petrorefinery with a daily refining capacity of 300,000 barrels of heavy crude oil will be 65% fuel and 35% chemical products, and this project is supposed to be completed after five years of implementation.
Creating added value and preventing crude sales in the path of aligning with the government’s view and predicting the transformation document, preventing the import of gasoline into the country, increasing the refining capacity and production of petroleum products in the country, creating jobs and using the ability of domestic companies and the capacity of knowledge bases, actively dealing with sanctions and Preventing sanctions, channeling liquidity towards productive investment, moving away from refinery construction and moving towards the construction of petrorefineries, and the continuation of Iran’s presence in global markets are among the goals of these plans.
The shareholding of this refinery can create a suitable added value for Bank Mellat and have positive effects on the bank’s shares.