Iranian engineering firm Namvaran hopes to finalize talks with international companies and organizations over investing in and helping finance a planned $370 million condensate refining unit in the first half of 2017 (IOD Jun.29'16). Namvaran was qualified by the Iranian oil ministry in 2014 to build the 60,000 b/d condensate splitter as part of a larger 480,000 b/d grassroots complex comprising eight equal-sized processing units known as Siraf Refining Park, near the southern port city of Assaluyeh.
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