Iran to build refined products pipeline

National Iranian Oil Refining and Distribution Co. plans to build a 948-km, 150,000-b/d refined products pipeline from Rafsanjan, Kerman Province to Mashhad, Khorasan, Razavi.

The pipeline, which local media reports will include three terminals and two pump stations, will supply Iran’s east and northeast provinces, and potentially exports to neighboring countries.

Iranian private lender Bank Mellat will finance the project, expected to cost $425.1 million.