The first private project in the field of oil and gas nationally

Northern Isfahan Petro-Refinery Complex (NIPRC) is a private joint-stock company established in Northern Isfahan Province, Iran, with the aim to operate a refinery plant with an estimated daily production capacity of 150,000 barrels of crude oil, two petrochemical plants, olefin and aromatic, and seven chemical sub-plants.
The complex is referred to as the first all-private project in the field of oil and gas nationally, a unique situation for investment. Investments made in the project amount to four Billion Euros in foreign currency and 4,500 Billion Rials in local currency. The feedstock needed by the complex is 150,000 barrels of crude oil daily and 2.4 billion cubic meters of gas annually.