In compliance with the directives of the Supreme Leader and the overarching policies of the Islamic Republic of Iran aimed at preventing crude oil exports and advancing the development of downstream industries, Mokran Negin Petro-Refinery Company (Private Joint Stock) has been established through public investment, based on the Law on Supporting the Development of Downstream Oil and Gas Condensate Industries.

This project represents the only petro-refinery complex in the country implemented with direct investment from Shasta and support from the National Development Fund, and is currently under construction in the strategic region of Bandar Abbas. The 300,000-barrel-per-day Mokran Negin Petro-Refinery is designed to convert more than 30% of crude oil into high value-added chemical and petrochemical products, thereby playing a crucial role in addressing the national gasoline deficit, providing a reliable feedstock supply to the petrochemical sector, reducing raw crude exports, and generating significant employment.

The refinery’s range of products includes motor gasoline, gasoil (diesel), kerosene, jet fuel, fuel oil (with a maximum of 7% and sulfur content below 0.5%), propane, butane, bitumen, sulfur, and solvents. Its chemical and petrochemical products comprise propylene, ethylene, benzene, paraxylene, needle coke, and sulfuric acid, all of which are produced in accordance with the latest international standards.

With a complexity index of 12.3, application of cutting-edge domestic and international technologies, full reliance on the expertise of qualified Iranian professionals, and with all necessary legal authorizations, this complex will contribute to the growth of the national economy and stimulate the value chain across the country’s oil and petrochemical industries.