The National Iranian Oil Refining and Distribution Company is responsible for the supply and distribution of petroleum products in Iran. This responsibility is fulfilled through the coordination and supervision of production at 10 state-owned refineries or those privatized and 3 subsidiary companies, including the Iranian Oil Pipelines and Telecommunications Company, the National Iranian Oil Products Distribution Company, and the National Iranian Oil Engineering and Construction Company. Along with its subsidiaries, this company is active not only in the production, transportation, and distribution of petroleum products but also in the design, implementation, and construction of oil refineries, pipeline construction, oil storage facilities, and other downstream activities.

The National Iranian Oil Refining and Distribution Company and its subsidiaries aim to continue their activities by implementing new refining, petro-refining, pipeline, and petroleum product storage projects. They seek to open new chapters in their history by attracting foreign and domestic investments. To this end, some investment opportunities in the projects and plans of the oil refining industry are outlined below.

Construction of Refineries/Petro-Refineries:

· Shahid Soleimani Petro-Refinery with an investment of $9 billion and a daily capacity of 300,000 barrels of crude oil.

· Lavan Oil Refinery with an investment of $7.1 billion and a daily capacity of 150,000 barrels of crude oil.

· Negin Makran (Shastan) Petro-Refinery with an investment of $5.6 billion and a daily capacity of 300,000 barrels of crude oil.

· Anahita Oil Refinery with an investment of $4.7 billion and a daily capacity of 150,000 barrels of crude oil.

· Entekhab Jask Petro-Refinery with an investment of $7.1 billion and a daily capacity of 200,000 barrels of crude oil.

· Ghadir Jask Oil Refinery with an investment of $5.6 billion and a daily capacity of 300,000 barrels of crude oil.

· Mervarid Makran Oil Refinery with an investment of €6.6 billion and a daily capacity of 300,000 barrels of crude oil.

· Khuzestan Oil Refinery with an investment of €4.9 billion and a daily capacity of 180,000 barrels of crude oil.

Construction of Gas Condensate Refineries:

· Pishgaman Siraf Refinery Development with an investment of $410 million and a daily capacity of 60,000 barrels.

· Setare Sabz Siraf Refinery with an investment of $750 million and a daily capacity of 120,000 barrels.

· Javid Energy Parto Refinery with an investment of $638 million and a daily capacity of 60,000 barrels.

· Mehr Persian Gulf Refinery with an investment of $446 million and a daily capacity of 120,000 barrels.

Product Optimization and Quantitative and Qualitative Improvement Plans:

· Reducing fuel oil production in Isfahan Refinery with an investment of $843 million and a daily capacity of 81,000 barrels of crude oil residue

· Reducing fuel oil production in Bandar Abbas Refinery with an investment of €2.2 billion and a daily capacity of 55,000 barrels VR + H.V. SLOPS.

· Reducing fuel oil production in Tabriz Refinery with an investment of $1.7 billion and a daily capacity of about 30,000 barrels VR.

· Reducing fuel oil production in Tehran Refinery (RCD+RFCC units) with an investment of $1.5 billion and a daily capacity of 64,000 barrels of crude oil residue.

· Reducing fuel oil production in Abadan Refinery (Phase 4) with an investment of $3 billion and a daily capacity of 67,000 barrels VR.

· Reducing fuel oil production in Shiraz Refinery with an investment of $644 million and a daily capacity of 20,000 barrels of crude oil residue.

· Reducing fuel oil production and Construction of a needle coke production unit in the Imam Khomeini (Shazand) Refinery with an investment of $450 million and a daily capacity of about 41,000 barrels (Vacuum Bottom + CSO).

· Construction of a new vacuum distillation unit in the Lavan Refinery with an investment of $39 million and a daily capacity of 12,000 barrels.

Construction of Product Transfer Pipelines and Storage Tanks:

· Tehran bypass pipeline with an estimated cost of $237 million and a daily transfer capacity of 300,000 barrels.

· Rafsanjan/Torbat Heydarieh (Tabash) pipeline with an investment of $372 million and a daily transfer capacity of 150,000 barrels.

· Fasa /Sirjan/Shiraz (Pars) pipeline with an investment of $106 million and a daily transfer capacity of 73,000 barrels.

· Shahid Mahdavi storage facility with an investment of $90 million and a capacity of 600 million liters of products.

Legal Capacity of Clause "Q" Article 12 of the Budget Law:

All ministries, especially Oil and Energy, and their subsidiaries and affiliated companies, as well as government organizations and institutions and all entities listed in the national budget laws, are permitted to annually enter into contracts up to a ceiling of 100 billion dollars in foreign currency and 500 trillion rials in local currency, which is adjusted annually based on the previous year's inflation rate. These contracts pertain to the following clauses of this article where investments or actions by foreign or domestic natural or legal persons, with priority given to the private or cooperative sectors, lead to production, export, quality improvement, saving or cost reduction in the production of goods or services, time efficiency, environmental quality improvement, or reduction in human and financial losses. This applies to oil, gas, gas condensates, petroleum products, and exportable or importable goods and services at export or import prices at the daily exchange rate of the free market or its rial equivalent, including government duties, legal fees, and other related costs, and for other cases at non-subsidized prices, including government rights, legal duties, and other related costs.

· Replacing 17,000 worn-out diesel city buses with CNG buses.

· Replacing 129,000 worn-out taxis with high-mileage hybrid and electric gas-powered taxis.

· Developing rail transportation.

· Expanding urban passenger transport by train in Tehran and 8 metropolises.

· Project for producing low-consumption propulsion systems in domestic cars and replacing them with worn-out cars.

· Electrifying diesel agricultural wells.

· Replacing and scrapping one million conventional heaters (gas and oil) with high-efficiency gas heaters (smart hermetic).