Iran’s Pars Oil and Gas Company (POGC) has signed an agreement with a consortium led by Bank Shahr (City Bank) to rehabilitate the refinery serving Phases 9 and 10 of Iran’s South Pars gas field.
According to the PR Office of POGC, the consortium comprises City Bank, OIEC and Payandan.
According to the officials of POGC, debris removal and safety operations in damaged sections were completed in less than two months, allowing reconstruction activities to begin. Reconstruction work on the fourth train of the fifth refinery has exceeded 40% progress, with plans to restore part of the refinery’s capacity by the end of the Iranian calendar year.