Tehran(NIORDC), a financial MoU was signed for construction of Shahid Nader Mahdavi Oil Depot in province of Hormozgan . With the signing of this memorandum, in the near future, an increase of 600 million liters of storage capacity for petroleum products in the south of the country will be provided. It will be the largest such facility on Iran’s southern coast During the ceremony, the CEO of Bank Melli voiced the bank’s readiness to bankroll petroleum projects of the Iranian Ministry of Petroleum. Mohammad Reza Farzin said the bank enjoys the country’s largest banking network with over 3,000 branches inside the country, besides a number of branches in London, the UAE, Iraq, Germany and some Persian Gulf littoral states.