Completed Stages of the Project

The completed stages of the project to date are as follows:

  • Feasibility studies
  • Market studies
  • Site selection studies
  • تPreparation of technical and economic feasibility study
  • Land acquisition in Sabzevar Special Economic Zone
  • Water and soil tests
  • International tendering between oil engineering companies (EPC)
  • Securing water, electricity, and gas supplies
  • Obtaining the necessary permits, including:
    1. Establishment permit
    2. Environmental protection permit
    3. FIPA permit from the Foreign Investment Promotion Center
    4. Technical and feasibility study approval from the National Iranian Oil Refining and Distribution Company
    5. Crude oil feedstock permit (pending issuance)
  • Securing capital for construction (with a production capacity of 75,000 barrels per day)
  • Contracting with a Chinese state-owned company for basic design, detailed design, and marketing
  • Contracting with a Chinese company for project execution (EPC)
✔️ Currently, the company is examining and negotiating how to transfer part of the secured foreign investment into the country for project implementation.