Parsian Bank’s participation in the construction of the Makran pearl refinery.

According to Iran Economist report, the memorandum of understanding for the participation and financing of the construction of Marwarid Makran Refinery with a daily refining capacity of 300,000 barrels of heavy and extra heavy crude oil in Jask with an estimated investment of 7 billion dollars, Monday, August 10, with the presence of Seyed Ibrahim Raisi, President and Javad Oji , Minister of Petroleum, between the Ministry of Petroleum, Mofid Economic Group, Bank Mellat, Bank Melli, Bank Tejarat and Bank Parsian.
The construction site of this project will be in Jask port on the coast of the Oman Sea, and the maximum use of domestic manufacturing equipment and the benefit of the law of breathing feed are among the features of this project, which aims to create added value and prevent raw sales in order to align with the government’s vision and forecast. The transformation document will be designed and implemented to prevent the importation of gasoline into the country, increase the capacity of refining and product production in the country, create employment and use the ability of domestic companies and the capacity of knowledge bases, actively deal with sanctions and prevent sanctions and direct liquidity towards productive investment.
With the start of the implementation of the Marwarid Makran refinery project, extensive employment will be created in the factories that supply equipment, and with the start of this project, 2,000 people will be directly employed.
I have to say; Parsian Bank has been a pioneer in financing industries and supporting domestic production, especially in the field of energy, and has previously participated in large-scale projects, including syndicated participation in oil exploration and extraction projects. Joint phases 11 to 24 of South Pars and 6, 9, and 11 gas transmission pipelines with Kangan Oil and Gas Company in order to protect national resources, participation in the construction of an oil refinery in joint fields with Parsian Sepehar Refining Company with the aim of increasing added value through Completing the value chain of underground resources, participating in the plan of exploration and extraction of oil from joint fields such as Northern Yaran in order to protect national interests and intergenerational resources, and participating in the financing syndicate of the Beed Boland Gas Refinery project in the Persian Gulf with the aim of gaining currency and developing capacities to complete the value chain. .