Central Bank to Finance South Pars Reconstruction

Central Bank to Finance South Pars Reconstruction
(Sunday, November 8, 2026) 12:26

TEHRAN, November 7 (NIPNA) – Iran’s Central Bank and the country’s banking network will provide the financing needed to rebuild damaged facilities at the South Pars gas field, Central Bank Governor Abdolnaser Hemmati said on Saturday.

Speaking during a visit to the fourth refinery of South Pars Gas Complex, Hemmati praised the efforts of Iranian specialists and contractors, saying reconstruction work was progressing through domestic capabilities without the need to import equipment from abroad.

He said banks had already provided the necessary support and that the Central Bank and the wider banking network would continue to make the required financial assistance and funding available for the reconstruction of the damaged facilities.

Hemmati expressed hope that accelerating reconstruction and restoring gas production capacity would help ease the country’s gas supply challenges in the coming months.

He also acknowledged the efforts of the governor of Bushehr Province and the chairman of Parliament’s Energy Committee in following up on the reconstruction process. He described the work of specialists and professionals in the gas industry as a key factor in strengthening the country’s economic resilience.

During his visit to Bushehr Province, Hemmati also inspected Mobin Energy Khalij Fars, where he reviewed reconstruction progress and ongoing operations. The complex, described as the world’s largest utilities producer, sustained extensive damage during the Third Imposed War. More than 60 percent of the facility has so far been rebuilt, with the work relying on domestic capabilities.

Hemmati also visited Damavand Petrochemical Company to review the facility’s latest operational status and measures taken to rebuild its damaged sections.

 


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