The National Iranian Gas Co (NIGC) has said Saderat Bank of Iran is to invest $4bn in building two refineries. The lender holds an 80% stake in the Bidboland 2 and Parsian Phase 3 refineries while NIGC holds the rest. Bidoland 2 refinery is 17% completed and is scheduled to come on stream in 44 months, after which it will produce 57 million cubic meters of natural gas daily, 1.48 million tones of ethane feed for Gachsaran Petrochemical plant, 1.51 million tones of liquid gas and 400,000 tonnes of gas liquids for export.
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