Speaking to Shana, Alireza Sadeghabadi said Siraf refining project is a 3 billion dollars project that made participation of the private sector in the project difficult and that is why the project has been divided into 8 mini refining projects in order to facilitate investment by the private sector.
He continued the project comprises 8 refining projects each with production capacity of 60 thousand barrels per day.
According to him, shareholders will provide 20 percent of the capital in the form of cash while provision of another 20 percent has been guaranteed by shareholders in the form of assets.
Sadeghabadi further said that Siraf refining project plans to offer 35 percent of its shares on the bourse to provide another part of the capital while NDFI resources are the other source of meeting its capital needs.
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