Agreement to Rebuild South Pars Phase 4 and 5 Refineries Signed, Led by Bank Tejarat Consortium

According to Boursenews, a signing ceremony for the agreement to rebuild the phase 4 and 5 refineries at South Pars was held on Saturday, August 8, 2026 (17 Mordad 1405), attended by Touraj Dehghani, managing director of Pars Oil and Gas Company, and Farshad Moghimi, deputy industry minister and head of the Industrial Development and Renovation Organization of Iran (IDRO). Dehghani said the project will be carried out under the leadership of Pars Oil and Gas Company by a consortium managed by Bank Tejarat, with participation from private and public sector companies, aiming to return the damaged units of the third South Pars refinery to production as quickly as possible. He said the move would ease part of the country's gas supply shortfall, which has worsened due to recent attacks.