Russia to finance, help build Iranian products pipeline

Sina Energy Gostar Holding and Russian-state Promsyrieimport have agreed to construct a 150,000-b/d refined products pipeline from Rafsanjan to Mashhad, Iran. The 948-km pipeline will include two pump stations and three terminals, according to Iranian oil ministry new agency Shana.

The two companies will build the Tabash pipeline under an engineering, procurement, construction, and finance contract, with Russia paying for it. Shana said the project will take 4 years to complete.