NIORDC, Tejarat Bank Sign MoU to Build Oil Pipeline

The National Iranian Oil Refining and Distribution Company and Tejarat Bank have signed a memorandum of understanding for building a pipeline to supply petroleum products to the country’s eastern region.
The MoU was signed on Sunday in Tehran between Jalil Salari, director of NIORDC, and Hadi Akhlaqi Feiz, managing director of Tejarat Bank, in the presence of Oil Minister Javad Owji and Economy Minister Ehsan Khandouzi.
With a capacity of 75,000 barrels (12 million liters) per day of various products, the pipeline will start from Mehraran County in Hormozgan Province, pass through the southern city of Fasa in Fars Province and finally reach Shiraz, the capital of Fars, the Oil Ministry’s news portal reported.