SHANA - The Research Institute of Petroleum Industry (RIPI) has signed an agreement with a private company to join a refinery project in Qeshm Free Trade Zone.

The deal is aimed at cooperating in investing, designing, constructing and commissioning an oil refinery in Qeshm Free Trade Zone.

The agreement was signed on Saturday based on which RIPI will offer technical support to Hengam Refinery.

RIPI enjoys in-depth technical savvy for designing process and commissioning oil refineries.