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Iran to allot $1bn for national gas refinery construction

19 December 2012 13:05 (UTC+04:00)
Iran to allot $1bn for national gas refinery construction

The coordinator of the National Iranian gas refinery project Mahmoud Khakpour has recently said that the project awaits for the allocation of $1 billion from the National Development Fund, to launch the project, Trend news agency reported referring to IRIB.

Speaking to the journalists at a press conference, Khakpour noted that after the project begins, only local equipment and construction materials would be used.

"It is natural that we will have to import some minor details, that are unwise to produce in Iran," Khakpour said. "However all major equipment and components are domestically made."

He added that in the future gas refinery projects in the country would not be allowed to obtain foreign licence for importing major construction components.

The building of the National Gas Refinery is scheduled in Fars Province of Iran, near the Halgan and Sefid Baghun refineries.

Khakpour said that preliminary planning is already taking place, and the estimates for the project have already been counted, so now the project is awaiting for the allocation of funds.

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