TEHRAN, Iran, April 26. Iran Melli Bank is investing 90 million euros in the construction of Shahid Nader Mahdavi reservoir for oil products, said the CEO of Iran Melli Bank Mohammad Reza Farzin, Trend reports citing IRNA.
Following an agreement between the Melli Bank and the National Iranian Oil Refining and Distribution Company, the bank will invest in the construction of the reservoir to develop oil products storage capacity.
The project is in line with the construction of the Mehr and Shahid Soleimani Petrochemical Complexes for creating the biggest reservoir center of oil products on Iran's southern coast and complete export chain.
The reservoir project is expected to increase the storage of Iran's oil products by 600 million liters.