An Iranian holding company plans to build a pipeline to pump oil products with the support of Russian companies, Mohammad Ziyar, CEO of Sina Energy Gostar Holding, an affiliate of Mustazafan Foundation, announced.

He presented details of a document signed during Iranian Oil Minister Javad Owji's recent visit to Russia to cooperate in the implementation of the Rafsanjan-Mashhad oil pipeline (supplying the eastern energy market), known as the Tabash Pipeline. This cooperation document was signed at a meeting of the Joint Economic Commission of Iran and Russia between Sina Energy Gostar Holding and state-owned Promsyriyimport Company, and based on the agreements reached in this cooperation document, the Tabash pipeline will be built by these two companies, he said, reports SHANA.

Based on the negotiations, this 948-kilometer pipeline from Rafsanjan to Mashhad along with two pumping stations and three terminals will be implemented under the EPC+F contract with the cooperation of Sina Energy Gostar Holding and a Russian firm, he added.

According to him, the implementation of this project will take four years, and it has been decided that the Russians will provide financial resources for this project. Through the operation of this pipeline, it will be possible to pump oil products with a capacity of 150,000 barrels per day.